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Being asked to serve as an executor is a great honor for Maryland residents, but it also comes with several responsibilities. Before agreeing to serve as an executor for a friend or family member, there are some things to consider, including the amount of time and...
A will is a legal document that outlines what you want to happen to your assets after your death. You don't necessarily have to pass all of your property on through a will. You could use other estate planning tools, such as trusts, transfer-on-death accounts and...
A will communicates a person's wishes for distributing an estate's assets after death and sometimes the care of minor children when necessary. For the most part, Maryland state laws respect a testator's final wishes but also recognize that an interested party may have...
Estate planning is something all Maryland residents should do to prepare for the future. Having a will is one of the basic steps to take. This is how you can go about creating one. Choose an executor Choose an executor to handle your estate after you’re gone. You will...
The inevitability of death does not always motivate people to plan their estate. A will is a guideline for grieving families as they fulfill the last wishes of their loved ones. People may believe they do not have enough assets to justify a will, or they think their...
A will is a powerful estate planning document in Maryland that lets you determine what happens to your assets and property after you die. You can use a will to name an executor, who will be in charge of carrying out your wishes, and beneficiaries, who will receive...
Wills are used primarily to determine what happens to assets that remain in your Maryland estate after your passing. As a general rule, a will is valid from the moment it is executed. However, it is possible to revoke or otherwise render a current or previous version...
When someone passes away, things are made exponentially more challenging when a will isn't valid. When the validity of a will is called into question, life is made even harder for loved ones who are already dealing with loss and grief. So how do you know if your will...
If you've accumulated assets, like a bank account and home, while living in Maryland, it's essential to have a will. Using this legal document to protect the best interests of any children you have is also vital. It specifies your last wishes on who should be a...
A lot of people in Maryland haven’t given any thought to their last will and testament. So, if you have a rough draft of your will, you’re already ahead of most people. Before you sign your final will, however, you should make sure that you know what it takes to...