Chevy Chase Estate Planning Attorney

Knowledgeable Lawyer for Wills, Trusts, and Probate in Chevy Chase, MD

Estate planning is critical for ensuring that your assets are managed and distributed according to your wishes. At The Eleff Law Group, we offer a comprehensive range of estate planning services in Chevy Chase, Maryland. If you need to establish a will, create trusts, or navigate the complexities of probate, our team is here to provide you with guidance and support to ensure that you can protect your legacy and care for your loved ones.

How Our Attorney Can Assist With Estate Planning

Our experienced estate planning lawyer provides personalized services tailored to each client's specific circumstances. We understand that estate planning involves sensitive and complex decisions, and we are committed to providing compassionate legal help focused on achieving your goals. Our team helps clients with various aspects of estate planning, including the following:

Wills

A comprehensive estate plan begins with the fundamental component of a will. This document outlines how your assets will be distributed after your death, and it can include provisions for guardianship of minor children. We can help you draft a clear, legally binding will that reflects your wishes, ensuring that your loved ones will be taken care of according to your plans.

Trusts

Trusts offer a flexible and efficient way to manage and distribute assets, potentially reducing estate taxes and avoiding probate. We can assist with setting up numerous trust types, including:

• Revocable Living Trusts: These trusts enable you to maintain control over your assets throughout your lifetime, and they can facilitate a smooth transfer of these assets after your passing.
• Irrevocable Trusts: These trusts can help protect your assets from creditors, and they can provide tax benefits. However, they cannot be modified or revoked without the beneficiary's consent.
• Special Needs Trusts: These trusts are designed to provide for a loved one with disabilities without affecting their ability to receive public benefits.

Power of Attorney

A power of attorney is a legal document that gives someone the authority to handle certain types of decisions should you become incapacitated. These decisions may include:

• Financial decisions: A financial power of attorney gives a designated agent the authority to handle matters related to money, property, and other financial concerns.
• Medical decisions: A medical power of attorney allows you to name someone who can decide what types of treatment you will or will not receive if you cannot make these decisions for yourself.

Probate

Navigating the probate process can be overwhelming for families who have recently lost a beloved family member. Our attorney provides knowledgeable guidance through every step of probate, assisting with filing the necessary paperwork and distributing assets according to the person's will or state law. Our mission is to make the process as efficient as possible, minimizing stress during a difficult time.

Estate Planning for People and Families With a High Net Worth

If you own substantial assets, you may face challenges during the estate planning process, including tax implications and complex asset structures. Our firm has extensive experience assisting with high net worth estate planning, and we can advise our clients on strategies that will help minimize estate taxes and provide for the efficient transfer of wealth. We can assist with:

• Advanced Estate Planning Techniques: We can provide guidance on whether options such as grantor retained annuity trusts (GRATs), charitable remainder trusts (CRTs), or family limited partnerships (FLPs) may be beneficial.
• Asset Protection Planning: We can develop strategies to protect assets from potential creditors and lawsuits, ensuring that wealth will be preserved for future generations.
• Life Insurance Trusts: These trusts manage life insurance policies, offering liquidity for an estate and potentially reducing estate taxes.

Contact Our Chevy Chase Estate Planning Attorney

As you address concerns related to your estate in Chevy Chase, Maryland, The Eleff Law Group is ready to assist you. Our experienced attorney provides personalized assistance to address your family's unique needs. Contact us today at 301-857-1990 to schedule a free consultation and take the first step to secure your legacy and protect your loved ones.