No Two Families Are Alike

Planning for the future is a complex process that requires you to consider a multitude of different issues, including the tax consequences of different estate planning tools. As you plan to make gifts to children and other loved ones, pay attention to preserving them.

The Costello Law Group, based in Towson, Maryland, offers comprehensive services that incorporate tax planning with estate planning to provide well-rounded, knowledgeable advice on both legal and financial issues. They strategize with clients to craft effective estate plans that help protect wealth as it is being transferred.

Mitigating Estate Tax Burdens

As the founder of the Costello Law Group, Thomas C. Costello is dedicated to helping clients understand the tax consequences that accompany passing property to loved ones. He has received both a Legal Master's degree (LLM) in taxation and a certificate in estate planning, giving him a unique knowledge base to draw on while advising clients.

Even as the federal estate tax threshold has increased over the last decade, Maryland continues to impose an estate tax (with a top rate of 16 percent) and an inheritance tax (based on relationship). Based on the size of an estate, it may also be necessary to file various state tax forms as a part of estate administration and probate.

Because no two estates are alike, cookie-cutter estate plans can hurt clients financially. That is why the attorneys at the Costello Law Group take the time to work with clients, learning about their assets, liabilities and plans for the future. Their personalized approach to estate planning allows them to give clients the one-on-one attention they deserve and an estate plan which will help them reach their goals.

Individualized Legal Advice

To schedule a free initial consultation with an experienced Towson estate tax planning lawyer, you can reach the Costello Law Group via email or at 410-832-8800 or toll-free at 877-418-0003.