Downs Law Firm, P.C.

Legacy Planning

Pope Francis waving

Leaving a Legacy of Goodness: A Reflection on Pope Francis’s Wisdom

In the wake of Pope Francis’s passing, many around the world are reflecting on the legacy he leaves behind—not only as the spiritual leader of the Catholic Church, but as a shepherd of humility, justice, and compassion. Among his many poignant messages, one insight stands out for those of us engaged in the work of estate planning. In 2022, Pope Francis offered this reflection on aging and legacy: “When we think of an inheritance, at times we think of goods, and not of the goodness that is done in old age, and that has been sown. That goodness is the best legacy we can leave.” — Pope Francis, via Catholic News Agency These words remind us that true legacy is not only about the distribution of wealth, but about the impact of a life well-lived. As attorneys who help clients prepare their wills and trusts, we understand the importance of passing on financial security. But we also believe in helping clients articulate and preserve the values, stories, and acts of love that define who they are. Whether it’s through charitable giving, or thoughtful conversations with family, estate planning can be a powerful way to leave behind more than assets. It can be a way to sow goodness. At the Downs Law Firm, we honor Pope Francis’s call to generosity of spirit. As you consider your own plans, we invite you to think not only about what you will give—but how you will be remembered. https://www.catholicnewsagency.com/news/251200/pope-francis-advice-on-retirement-leave-a-legacy-of-good-rather-than-just-goods

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divorce affects estate plans

Divorce Affects Estate Plans

Divorce significantly impacts estate planning, requiring updates to wills, trusts and beneficiary designations to ensure that assets are distributed according to new intentions.

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inheritance tax

Maryland’s Proposed Inheritance Tax and Estate Tax Changes

While this proposal is still subject to legislative approval, if enacted, it would expand the number of estates subject to Maryland estate tax, potentially increasing the tax burden on families and heirs. If your assets exceed $2 million, now is the time to reassess your estate plan and consider tax-saving strategies.

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32% of Americans have wills

To-Dos After Death

Even though the death of a loved one comes with unbearable grief, there are important tasks you must carry out as soon as you’re able.

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