One of the most important things anyone can do in their lifetime is to create a will that reflects how their assets should be distributed, and to whom, upon their passing. Fortunately, most people in Maryland and throughout the United States understand this and work with estate planning attorneys to establish a plan that serves the best interests of them and their families. However, that being said, many people die without creating wills or estate plans every day, and this can potentially cause very serious problems for their families and their assets. Though wills do not handle all assets, they are the cornerstone of any comprehensive estate plan, which is why our experienced Maryland estate planning attorneys urge you to read on and reach out to our firm to learn more about writing your will and how our firm can help you through every step of the estate planning process ahead. Here are some of the questions you may have about wills in Maryland:
Why do I need to write a will?
The first thing you should understand is that if you do not create a will, there will be no executor in charge of handling the administration of your estate. This means that your assets may not be distributed as you would have wished. Additionally, if you die without a will, it will trigger intestate succession, wherein only blood relatives, your spouse, and registered domestic partners will inherit your assets. This means that close friends or others that you may have intended to receive certain assets no longer will under Maryland law.
Will my assets automatically go to my children if I do not write a will?
While in many cases, biological and legally adopted children will receive your assets automatically upon your passing. That being said, certain situations, such as foster children or children adopted by stepparents are more complicated. You should also understand that without a guardianship in place in your will, if you pass away, the courts will have to decide who will raise your children. Rather obviously, this is a decision best made by a child’s parents, and you can address this matter in your will. If you have any additional questions about writing your will, or any other aspect of the estate planning process, please do not hesitate to give our knowledgeable Maryland estate planning attorneys a call today.
Contact our experienced Maryland firm
The attorneys at JD Katz have years of experience compassionately guiding clients in Maryland through the estate planning and administration process. Our firm also has experience with matters of elder law, business law, tax law, and litigation. For a legal team that will put your needs first, contact JD Katz today.