Unlike most other legal matters, estate planning is something that never reaches a resolution. On the contrary, your estate plan may be revised numerous times over the course of your life. Given the important nature of your estate plan, and the frequency with which it will likely need to be reviewed and updated, choosing the right estate planning attorney takes on a heightened importance. At the law firm of Sinclair Prosser Gasior, we strive to build solid, lifelong relationships with our Clarksville, Maryland clients to ensure that the estate plan you have in place at any given time reflects your current estate planning needs and wishes.
Clarksville, Maryland is an unincorporated community situated just north of Washington, D.C. and southwest of Baltimore. Named for William Clark, an Irish immigrant and farmer who once owned the land now known as Clarksville, Clarksville is known for its beautiful, and expensive, homes. Located in Howard County, the second wealthiest county in the United States, property values in the county are among the highest in the nation. The population of Clarksville District 5 was 56,239 as of the 2010 Census.
a postal stop that opened on the 4th of July 1851.
Over three centuries ago, in 1699, Thomas Browne, a Patuxent Ranger, ranged the river from the Snowden plantation to where Clarksville is sited which set the course for settlement in the area. Over the next century, European settlers established tobacco plantations, such as Folly Quarter and Hobbs Regulation, in the area. Until the mid-1800s, the area now known as Howard County was part of Anne Arundel County. At that time (1851) Dr. William Watkins of Richland Manor proposed the division of the county to create a new “Howard District” which eventually became Howard County. As recently as 1930 the Clarksville postal office listed the population as just 65 residents. Because of Clarksville’s convenient location within a relatively short drive from both Baltimore and Washington, D.C., however, the area has flourished in the decades since and is now a sought after location for commuters to live.
Sinclair Prosser Gasior in the Clarksville Community
Creating a successful estate plan requires a considerable amount of thought and consideration. Though the eventual disposition of your estate assets may be a primary goal within your estate plan, a well though out plan can include a wide range of additional, inter-related, goals as well. At Sinclair Prosser Gasior, we are keenly aware of the important nature of your estate plan and are committed to helping you create a plan that accomplishes all of those goals. Moreover, we are dedicated to nurturing the relationships we create with our Clarksville, Maryland clients which makes keeping your estate plan up to date easier.
The estate plan you create today will not be the estate plan you need in ten years because you won’t be the same person in ten years. The changes that occur in your life will precipitate corresponding changes to your estate plan to ensure that your estate plan remains relevant. Initially, a simple Last Will and Testament may suffice to ensure that you don’t leave behind an intestate estate in the event of your sudden death. That simple Will, however, will begin to seem inadequate if you get married and/or become a parent. The same applies as your estate assets grow over the years. The more you have to protect, the more complex your estate plan will need to become. Marriage may cause you to want to make changes to your beneficiary designations within your plan, as will become a parent. You may also want your new spouse to take over fiduciary roles within your plan, such as Executor, Agent, or Trustee. The desire to provide for a minor child may prompt the addition of a trust to your plan because your child cannot inherit directly from your estate. Incapacity planning will also become important once you have a child to consider. With the growth, both in size and value, of your estate you may need to consider the addition of asset protection tools and strategies to your overall plan. As retirement looms on the horizon, long-term care and Medicaid planning should be incorporated into your estate plan unless you can afford the high cost of long-term care out of pocket. If you have strong beliefs about the manner in which your body is handled after you are gone and/or about end of life medical decisions, you will want to include advance directives and funeral planning into your comprehensive estate plan to ensure that those wishes are honored.
At the Clarksville, Maryland estate planning firm of Sinclair Prosser Gasior, we look forward to working with you throughout your life to ensure that everything important to you is protected and that everyone important to you is provided for in your absence.
If you have additional questions or would like to get started on your estate plan, contact the experienced Clarksville, Maryland estate planning attorneys at Sinclair Prosser Gasior by calling (410) 573-4818 to schedule an appointment.