Many Maryland residents assume that when it comes to inheritance, an heir is the same thing as a beneficiary. The two terms mean entirely different things, and which one you are will determine how an inheritance will be paid out. One of the many reasons that people...
After a person passes away, an estate must be established in order to distribute the person's assets. If a decedent has drafted a will, this process can be easier, but if a person does not have a will, an estate can still be established. Individuals in Maryland and...
A will commonly names an executor of the estate. If not, then the probate court may appoint one. Regardless of how someone becomes an executor in Maryland, the duty remains the same. The executor serves as an administrator for the deceased person who wrote the will....
Even though wills are legally binding documents that dictate how a deceased person’s assets are distributed, there are still legal options that allow you to formally contest the will. If certain criteria are met, wills can be contested and even nullified after the...
WHAT IS A POWER OF ATTORNEY? A Power of Attorney allows a person, chosen by you, to act on your behalf if you become sick, hospitalized and/or incapacitated. The appointed person becomes your "agent" or "attorney in fact". A financial power of attorney can allow your...
