McEvoy Law

Posts tagged "Estate Planning"

Not every Maryland estate has to be probated

Many Maryland residents draft a will so that they can decide who inherits their assets instead of a judge doing that for them. Even still, a testator's estate must be probated. It's during this process that a probate can decide to handle things differently. There are ways that you can avoid the probate altogether though.

What estate planning documents do you need at your life stage?

Contrary to popular belief, estate planning is not a process that you do once and then never revisit it. It's instead something that you should expect to do at different stages of your life including when you get engaged, married, have a child, you get divorced and as you age.

Why it's important for millennials to have an estate plan

When you hear someone talk about getting their affairs in order or planning their estate, you likely think of someone older in age. They're not the only ones who have assets to protect or loved ones with futures that they need to plan for though. Millennials do too.

Why estate planning is important

While many individuals in Maryland and across the United States tend to put estate planning on their back burner, it's not advisable to do so. You leave your hard-earned assets up to chance by doing so. If you don't draft a will or come up with a succession plan for your business, then your loved ones may not receive what you intended to leave them.

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