Estate law covers many different fields, everything from probate inheritance to general estate planning to accrued estate taxes. Most estate attorneys specialize in both selling and purchasing estates as well as lawful inheritance procedures. Anyone who may have incurred a legal complication when attempting to purchase or sell an estate can benefit from hiring an Estate Law Attorney in Bel Air MD.
Buying or selling a residence and property can be a complicated process. Hiring an attorney can cut out the complications and risks involved. However, it’s important for people not become confused about the differences between a real estate lawyer and an estate lawyer. An estate is simply a legal entity created after a person has died. This is why so many estate attorneys specialize in probate and wills. A real estate attorney may specialize in tenant cases and the housing market. These are two separate fields.
An estate attorney will likely have expertise in estate planning and administration. Estate planning is the process of determining what will happen to a property after the death of its current owners. The attorney can help the current owners determine an administration plan. This plan will allocate assets after the death to pre-determined, responsible parties. A consulting attorney can help draft a will or trust that will secure the estate.
Legal formalities and tax complications make the consultation of an attorney a coveted skill and necessity for many estate owners. Someone who does not pursue an estate attorney for their will could create serious burdens on the inheriting party. Taxes are often the greatest burden, and many of these high taxes can be avoided with the assistance of an accredited estate lawyer.
It’s no secret that estate attorneys have been declining with the recession. However, there are still lawyers who in Maryland who have managed to keep their practices going. Michael S. Birch Attorney at Law is an Estate Law Attorney in Bel Air MD who has sustained his law practice through strong ethics, expertise expansion, and an ongoing dedication to his clients.
