An individual’s estate consists of the sum of their assets, including property. The field of estate law typically deals with the establishment of wills and trusts, dividing estates upon an individual’s death, or transferring the ownership of properties between two parties. Real estate is often the largest investment an individual makes over the course of their life, so it’s important to protect it over the course of that lifetime and as it is passed on to family or loved ones upon death. Hiring the right lawyer is one important step toward protecting that investment.
It’s simply a good idea to consult a lawyer prior to purchasing or selling real estate. The transaction will have to be performed through a licensed broker, and often complex paperwork will have to be properly filed. Failing to take any necessary steps can cause legal confusion. An estate law lawyer in Bel Air, MD can help clients sort through the legal complications associated with buying and selling homes and land, and ensure that their rights are protected throughout the process. That’s not the only area of estate law that deserves consideration, though. Clients often seek out estate law attorneys to help develop a plan to manage their estates upon their deaths.
Most people avoid giving too much thought to their own mortality, which is understandable. Death, whether it is ones own or that of a loved one, is always painful. Those willing to confront the unpleasant reality that it is also inevitable may find that they can gain some peace of mind in life knowing that their estate will be protected and their family is taken care of when they pass. This can be accomplished through the establishment of wills and trusts, and the assigning of powers of attorney.
Don’t leave important and life-changing decisions up to chance. Having access to legal advice and representation can make the difference between a valuable investment in a family’s future and flushing money down the drain. Michael S. Birch, Attorney at Law, is one estate law lawyer in Bel Air, MD who can help. Browse the website to learn more about estate law and the valuable services provided by lawyers working in the field.