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.
For families, Michelle uses a variety of legal strategies to preserve family wealth and help parents pass their life savings to children or other heirs. Working with families, Michelle can use a power of attorney, durable power of attorney, living will, revocable or irrevocable trust to minimize death taxes, manage wealth transfer, and ensure family wishes are honored during medical emergencies and serious illnesses.
For those families with a disabled child or declining parent, comprehensive plans, including legally compliant trusts, wills and forms can be used to keep eligibility for Medicaid benefits and Supplemental Social Security benefits, as well as an acceptable standard of living. Specifically, special needs trusts, for elderly parents and ABLE accounts can be created for those who become disabled before 26.
Ms. Profit volunteers her time, and lends her financial expertise to non-profit organizations including Wills for Heroes, where she has drafted wills, durable power of attorneys and power of attorneys for health care, living wills, for America’s first responders.
Michelle Profit is a member of the American Bar Association, Real Property, Trust and Estate Law Section; the Maryland State Bar Association, Estate and Trust Law and Elder Law and Disability Rights Sections, as well as the District of Columbia Bar, Estates, Trusts, and Probate Law Section.
Michelle welcomes comments from individuals, who have recently experienced or are dealt with transition or disability. Share what could have made your life experience easier. Sign up for the latest news on estate taxes and news on legislative changes that make updating your will or estate plan absolutely necessary, by following us on Twitter.
You may also view Michelle's publication on the Maryland State Bar Association Bar Bulletin:
Do Mediation Clauses Prevent Estate and Trust Will Contest Litigation?
Maryland Attorney: Estate Planning Attorney & Estate Administration Attorney, Probate Lawyer, Will Attorney, Trust Lawyer, Elder Law Attorney, Elder Care Attorney, Probate Lawyer, Real Estate Law, Business Lawyer. Call (301) 961-1525 or firstname.lastname@example.org.