Estate Planning & Trusts
If you are over 18, and if you are resident of Maryland, you have a Will. If you didn’t write it for yourself, the Maryland legislature wrote one for you – whether it’s what you want or not.
For example, as of this writing, if you are survived by your spouse and children, at least one of whom is a minor, the spouse receives one half of the net estate the children divide the remaining one half equally. But if your spouse and children (if all children are adults) the spouse receives the first $15,000 +1/2 of the remaining net estate, and the children divide the remaining one half only. Not only may this not comport with your desires, it may not be the most tax efficient manner to distribute your state.
You can change what the Maryland Legislature thinks is appropriate for you, with a properly written will and other documents which effectuate what you think is right for you. What an experienced estate planning lawyer brings to the table is quizzing and advising you through many alternatives so you can make the choices you want. Forms off the internet are no substitute for the live interchange and interaction with a seasoned attorney who can offer follow up questions and fully explore, explain and discuss your choices and enact your decisions. It is the quizzing to help you ascertain your desires, to view alternatives, reinforced by years of experience is what the seasoned attorney brings to the table in addition to working through and customizing the legal documents for you.