I am an attorney just retired from a 30-year career with the us government. During my career I was divorced and raised a son with a lifelong, complicated birth defect. 12 years ago, I bought a condo for my son who was becoming an adult and attending community college. Over the years mayhem ensued with my son's social group and I evicted him from the condo and rented it out this year.
3 months ago, while preparing for retirement, I went to Michelle profit for help. I had no will, nor estate plan. All my accounts named only my son as beneficiary; nothing was updated to reflect my marriage. Michelle used her vast knowledge of the law and estate planning vehicles to expertly guide me in setting up a trust. My trust protects my son's eligibility for ssi, provides for my husband's projected needs as his age progresses, and leaves me in control of my assets with full flexibility during my lifetime.
I give Michelle my highest recommendation. Her insightfulness and way of explaining the pros and cons of my estate planning options, allowed me to protect my family, my assets, and also importantly saved me from the shame I would surely have felt in the afterlife if my background and experience in the law had failed to protect my loved ones.
3 months ago, while preparing for retirement, I went to Michelle profit for help. I had no will, nor estate plan. All my accounts named only my son as beneficiary; nothing was updated to reflect my marriage. Michelle used her vast knowledge of the law and estate planning vehicles to expertly guide me in setting up a trust. My trust protects my son's eligibility for ssi, provides for my husband's projected needs as his age progresses, and leaves me in control of my assets with full flexibility during my lifetime.
I give Michelle my highest recommendation. Her insightfulness and way of explaining the pros and cons of my estate planning options, allowed me to protect my family, my assets, and also importantly saved me from the shame I would surely have felt in the afterlife if my background and experience in the law had failed to protect my loved ones.
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About Michelle
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Michelle Profit is an estate planning attorney serving Maryland and the District of Columbia.
A Harvard Law School graduate, she has worked in the financial services industry for over 20 years.
A dedicated advocate for all of her clients, Michelle Q.
Profit personally handles each client case from start to finish to meet the client's needs and objectives.
Michelle listens in the consultation sessions and works with any other client accountants or financial planners to create a comprehensive estate plan.
A Harvard Law School graduate, she has worked in the financial services industry for over 20 years.
A dedicated advocate for all of her clients, Michelle Q.
Profit personally handles each client case from start to finish to meet the client's needs and objectives.
Michelle listens in the consultation sessions and works with any other client accountants or financial planners to create a comprehensive estate plan.
About Our Firm
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Here at Profit Law Firm, we specialize in estate planning, estate administration, elder law, and business law.
Our aim is to provide first class legal services and give our clients the personal attention to achieve their heartfelt objectives.
Michelle Quash Profit is the founder and principal of the estate planning law firm, Profit Law Firm, LLC, where she has been assisting clients throughout Maryland and the District of Columbia for more than 20 years.
A Harvard Law School- educated estate, legacy and business planning attorney, Michelle prides herself on providing personal, customized estate planning for individuals, couples, families and businesses.
Our aim is to provide first class legal services and give our clients the personal attention to achieve their heartfelt objectives.
Michelle Quash Profit is the founder and principal of the estate planning law firm, Profit Law Firm, LLC, where she has been assisting clients throughout Maryland and the District of Columbia for more than 20 years.
A Harvard Law School- educated estate, legacy and business planning attorney, Michelle prides herself on providing personal, customized estate planning for individuals, couples, families and businesses.
Asset Protection
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Asset protection involves making prudent decisions today to protect yourself, your business, and your hard-earned assets from losses due to lawsuits, creditors or bankruptcies.
This type of proactive legal planning is especially prudent for professionals and business owners, whose personal assets could be at risk due to the nature of their employment without expert legal techniques.
Asset protection is something anyone can benefit from in a time when the number of divorces, lawsuits and bankruptcies is staggering and continuing to increase.
This type of proactive legal planning is especially prudent for professionals and business owners, whose personal assets could be at risk due to the nature of their employment without expert legal techniques.
Asset protection is something anyone can benefit from in a time when the number of divorces, lawsuits and bankruptcies is staggering and continuing to increase.
Charitable Trust
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At Profit Law Firm, a Maryland estate planning attorney will help you create estate plans that promote your legacy through charitable giving.
Estate planning that utilizes charitable gifting strategies may save capital gains taxes, increase income, and provide you, or whomever you designate, with an income for life.
These types of gifts may even provide an estate tax deduction - an important consideration in planning your estate.
If given the choice between paying taxes (involuntary philanthropy), or making a charitable gift (voluntary philanthropy), most people would choose the latter, because it gives them the benefit of knowing who the money will benefit and how it will be used.
Estate planning that utilizes charitable gifting strategies may save capital gains taxes, increase income, and provide you, or whomever you designate, with an income for life.
These types of gifts may even provide an estate tax deduction - an important consideration in planning your estate.
If given the choice between paying taxes (involuntary philanthropy), or making a charitable gift (voluntary philanthropy), most people would choose the latter, because it gives them the benefit of knowing who the money will benefit and how it will be used.
Estate Planning for Blended Families
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Every family is unique and after divorce many people remarry, creating and blending families.
You may wonder about how to do estate planning to take care of the needs of your new spouse and your children from a prior relationship, and this is where Profit Law Firm is here to offer expert assistance.
There are estate planning solutions that allow you to protect your second spouse after your death and your children from a first or second marriage.
When you do estate planning now, you can create several estate plans, with different trusts.
You may wonder about how to do estate planning to take care of the needs of your new spouse and your children from a prior relationship, and this is where Profit Law Firm is here to offer expert assistance.
There are estate planning solutions that allow you to protect your second spouse after your death and your children from a first or second marriage.
When you do estate planning now, you can create several estate plans, with different trusts.
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