Mary Korkodian is an estate planner and probate/trust litigator with Baker, Burton & Lundy. Prior to joining the firm, Mary worked as a Contract Administration Director (and later In-House Counsel) at a commercial real estate management company, where she evaluated overall risk profiles for leases and tenants, negotiated and drafted various real estate contracts on behalf of high net worth real estate investors, resolved contractual disputes, and worked with outside counsel on numerous breach of contract lawsuits.
Real Estate Experience
With many estates consisting of real property, Mary’s clients benefit from her 16 years of real estate experience when drafting an estate plan. She understands and appreciates the importance of reducing liability, protecting assets her clients have worked hard to acquire, and ensuring they are passed on to their loved ones.
Mary’s interest in the law started at an early age. Her interest turned into passion over the course of her real estate career, where she became fascinated by the mechanics of the law (and the policies behind them) in light of an array of legal issues she encountered.
A Passion for the Law
In following her passion, Mary attended law school and graduated magna cum laude from California Western School of Law in San Diego, where she was top 6% of her class and an associate editor of the California Western Law Review and International Law Journal. During law school, Mary was the recipient of the Distinguished Advocate Award for her compelling performance in the David M. Gill Trial Competition and five Academic Excellence Awards: Contracts I, Trial Practice, Legal Skills II, Insurance Law and Litigation, and Professional Responsibility and Advanced Legal Writing.
Mary externed for the Honorable Anthony J. Battaglia at the United States District Court, Southern District of California, where she was acknowledged for her contributions to Judge Battaglia’s 2019 Edition of Disclosure and Discovery Manual Under Federal Rules of Civil Procedure.
While Mary is a proud Los Angeles native, her cultural appreciation and adventurous spirit has sent her solo-traveling to over 18 countries spanning 4 continents over the years. Mary is passionate about empowering young women to elevate themselves and was a mentor with WYSE (Women and Youth Supporting Each Other), a nonprofit organization dedicated to developing opportunities for the youth. As an animal lover, she has volunteered at many animal shelters and is the proud owner of her two rescue cats, Grayson and Fiona.
Mary did an excellent job with an irrevocable trust for my father’s property, which will save our family and future generations thousands of dollars in property taxes. Using a trust, she helped us prevent a change in computing a property tax reassessment. She was knowledgeable, available and translated legal jargon into manageable problems. This helped us develop the best plan for our needs now and for protecting the family’s future. The efficiency of the process was also impressive: her to-do lists helped us execute a perfect solution to diverting the pending disaster if we didn’t intervene. Our property can be used for generations and will remain at the current tax level which is comforting to my 86-year-old Dad.
Estate planning attorneys Brad Baker and Mary Korkodian share how married couples can use the estate planning tool Portability in their estate plan to minimize estate taxes and pass more along to their heirs.