Death and disability. Two natural occurrences in everyone’s life but yet are issues we all too often ignore. More often than not, we also do not properly plan for either. In the event of disability, a lack of planning can lead to your care and finances being overseen by a court. In the event of death, a lack of planning entails your assets being divided pursuant to a rigid statutory framework.
I started my estate planning and probate law firm with a deep commitment to assisting my clients in helping them to take control of their future by crafting individualized Estate Plans. Each plan was designed based on the client’s own wishes and family dynamics. While some use estate planning to avoid paying certain taxes, there are other aspects of an Estate Plan which can benefit people from all walks of life. My mission was to help you obtain peace of mind by better ensuring that your life’s work and health care will be managed on your terms. I sought to help you preserve and protect your assets so as to better care for your loved ones. For those needing assistance with estate administration, I offered counsel to help navigate the process and can answer many of the questions that often arise among family members during an estate’s administration.
A little about myself:
I am a recent Portland transplant from Baltimore, Maryland. While I was raised in Minneapolis, Minnesota, I later came out east to attend Goucher College in Maryland. My undergraduate studies focused on modern Chinese politics, Mandarin Chinese, and global affairs. Post-graduation, I moved to New York City where I worked in the non-profit sector helping staff humanitarian relief operations in both central Africa and Asia as well as in international affairs helping promote dialogue between the People’s Republic of China, the United States, and Taiwan.
These experiences gave me a full appreciation of the complexity of life and the relationships within it. I was exposed to a wide range of individuals from almost every corner of the globe. I was required to actively engage and clearly communicate with my colleagues in order to achieve results. It gave me keen insight in how to successfully adapt to unforeseen circumstances without losing focus, humor, or optimism.
However, like many young professionals, I came to the decision later in life that I was ready for a second career. I looked to return to Maryland to attend law school. My decision to return to law school was based on my desire to begin a profession as an estate planning attorney. I had originally become interested in international affairs based on a deep commitment to help others. As I grew older, my commitment to help others remained but I was no longer interested in a career which required extensive time away from my home and loved ones. Estate planning allows me to help others while strengthening my own ties to the local community. If done properly, an Estate Plan can have a lasting and positive impact on your family and loved ones. It can offer an individual peace of mind knowing that they have memorialized their wishes regarding their estate and health care decisions.
After practicing for a few years in Baltimore, I felt the pull of Portland. Over the years, much of my family had relocated out here and my frequent visits over the years convinced me that it was the place for me too. It is my hope that I will be able to use my prior knowledge and passion about estate planning in support of a local firm. While I am still a big Minnesota sports fan, I also enjoy rooting for my other favorite team, the Timbers. In my time off, I enjoy reading spy novels, traveling to visit friends, and hiking around Oregon’s many wonderful trails.
Timothy A. Costello, Esq.
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