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Specialty Services

Rockville MD Estate & Probate Specialty Services

Providing Protection from Financial Setbacks

Aside from illnesses and mental incompetence, there are other circumstances beyond our control that can significantly affect our assets and finances. These occurrences include bankruptcy, lawsuits, and divorces. We may think that these can never happen to us. However, with the consistently high divorce rate, the unsteadiness of the economy, and the millions of lawsuits filed each year in the country, your lifetime of hard work can be lost in an instant without proper risk management strategies.

To help you understand your legal options in protecting your assets, turn to our Rockville MD attorney at the Law Offices of David P. Korteling. We have been providing clients like you with the experience, resources, and competence that are usually only found in larger and more prominent firms. We are here to help you understand all the legal strategies available to you in securing your finances in case disaster strikes.

Some of the specialty services we offer our clients for risk management include:

  • Asset protection
  • Property division
  • Right of survivorship

For more information about our firm’s specialty services, please feel free to reach out to us at (301) 281-4808.

Asset Protection

At the Law Offices of David P. Korteling, we always include asset protection in our estate planning. In definition, asset protection is the method of safeguarding your assets during your lifetime in the event of claims made against you, the dissolution of your marriage, and even bankruptcy. Asset protection ensures that there you will still be able to retain your finances and distribute them to your family as you wish.

When you consult with our firm, we can help you with our vast array asset protection plans concerning the following:

  • Homestead exemptions and tenancy
  • Trusts including living trusts, irrevocable trusts, and special needs trusts
  • Life insurance benefits
  • Disability income benefits for your family
  • Retirement accounts
  • Estate and inheritance tax implications
  • Business matters

Property Division in Maryland

Divorce can get messy when it involves significant assets. The state of Maryland, unfortunately, is not a community property state. This means that in the event of a divorce, your marital property will not be divided right down in the middle. The equitable distribution statute requires that marital properties in Maryland be divided fairly but not necessarily equally.

While we never wish for marriages to fail, studies show that 50% of marriages in the U.S. always end up in divorce. This is why it is only logical for you and your spouse to shelter your finances either with asset protection or estate planning. Our Rockville MD estate planning lawyer has a diverse background in law including family law and business law to help ensure that you will not lose everything in case your marriage fails.

Right of Survivorship

The probate process can be long, costly, and not to mention, emotionally stressful for grieving families. If you want to avoid probate, you may want to consider having a joint tenancy or owning a property with someone else such as your spouse or children. Joint tenancy should include “right of survivorship” in order for these properties to automatically be passed down to them in the event of your passing. At the Law Offices of David P. Korteling, we can help include right of survivorship to properties that you want to distribute to your family swiftly and without the need for probate.

Call Us Today for a Consultation

Our Rockville MD estate and probate lawyer stands ready to help you in securing your assets and finances whether during your lifetime or in the event of your passing. Attorney David P. Korteling brings with him over 22 years of experience including a diverse background in other areas of law and specializations including family law, business law, accounting, and finance, providing you with the qualifications you need to feel confident in our legal counsel.

Are you ready to protect your assets and financial future? Contact the Law Offices of David P. Korteling today at (301) 281-4808.

Our Testimonials

  • Responsive, Honest and Informative

    “I sent him an email, and his response was honest and informative. Thank you.”

    Anonymous

  • I cannot emphasize what a pleasure it was to have Mr. Korteling by my side.

    “He made the experience as smooth and seamless as possible. Mr. Korteling is not just a great lawyer – he is a counselor at heart.”

    Gilda

Why You Need Our Firm In Your Corner

  • Over 2 Decades of Experience Providing Clients the Security They Need.
  • With a Diverse Background in Law, No Case Is Too Complicated for Our Firm.
  • We Have the Experience, Resources & Expertise Usually Only Found in Larger Law Firms.
Protect & Plan

Everyone has assets. Ensure they are distributed how you want them to be when the time comes.
We can help you develop a plan perfectly suited to your needs.