Wills & Trusts in Maryland
Do you have children or elderly parents? What about an extended family? Do you have savings? Do you have a home or other valuable assets? If you answered yes to any of these, here’s another question for you: Do you have an estate plan in place?
Most people have worked hard for their home, property, and other assets, and they want to see that those assets remain in their hands or in the hands of people they love and care about. Many people have very clear ideas about how those assets should be handled and what ultimately ought to happen to them. Unfortunately, some people never take the time to focus on such issues, yet just about everybody is able to make decisions about their assets when called on to do so. At Hammond and Associates, we can help you decide what will happen over time with respect to your assets, whether it’s a will for after your passing or a living will.
Do you want to ensure your most valuable possessions are given to your loved ones after you’re gone? If so, call Hammond and Associates. We’ve been helping your Montgomery County neighbors put their plans in place—let us help you! Contact us online or call us at 301-861-4555!
What Is a Will?
A will is simply a legal document in which you declare who will manage your estate after you die. Your estate can consist of things as large as vacation homes or as small as items with sentimental value such as jewelry or photographs. It doesn’t just divvy up your property, but can declare who gains guardianship of any minor children or dependents. By creating a will and testament, you are ensuring that the things you hold closest to your heart are being taken care of once you’ve passed away.
If you die without a will, you’ll become what’s called intestate. This means that your estate will be settled based on the laws of your state that outline who inherits what. Probate is the legal process of transferring the property of a deceased person to the rightful heirs. Since no executor was named, a judge appoints an administrator to serve in that capacity.
If you would like assistance preparing your will, contact Hammond and Associates today!
Advantages of Making a Will
There are many advantages of making a will. By making a will you can choose who you wish to inherit your assets, rather than this decision being made by the laws of intestacy. These advantages include:
- Ensuring that items of sentimental value are retained in the family
- Saving money on inheritance tax
- Having a peace of mind that your estate will be divided as you wish
- Creating a sense of ease when loved ones need to sort through your affairs
In spite of the plethora of benefits, many people never find the time to create a will. Don’t let your assets be divided by the state—contact us today to learn how we can help you create your will in Maryland!
Contact Hammond and Associates for Guidance When Creating a Will
Creating a will, like other areas of elderly law, can be stressful complex. There is no one-size-fits-all approach. Working with an experienced attorney who handles will planning is important—and that’s where Hammond and Associates comes in. We would like the opportunity to discuss our services with you! We have provided will planning services throughout Montgomery County, Frederick County, Howard County, Prince George’s County, and the surrounding areas.
Contact us online or call us at 301-861-4555 and we can discuss how our elder law attorneys can provide assistance with will planning in the Bethesda area. We want to help you divvy up your assets to your loved ones in Maryland!