An Estate Planning Lawyer Lets You Control What Happens to Your Assets
If you die without a will, the government of Maryland determines who will manage your property and how it will be divided. Loved ones may be confused or hurt by the outcome. To keep control of the process, you should work with an estate planning lawyer in the office of Ralph W. Powers, Jr., P.C. to create a will.
Everyone Needs an Estate Plan
Estate planning is not something just for the rich. If you own any property, you have an estate, and that means you should have at least a simple estate plan. When you pass away, your property will pass to others according to legal instructions you leave in a will or other documents. If there are no legally-enforceable documents, then the property passes according to the laws of intestate succession. These laws may not distribute property in the way you want.
Your estate plan should also include documents such as a power of attorney and a living will to protect you in case you become incapacitated. A sudden illness or injury could strike at any time, regardless of your age or health.
Wills Can Be Simple or Complex
Wills can accomplish a variety of purposes, or they can be straightforward and simple. A will attorney in Prince George’s County could craft a will that:
- Names an individual you choose to serve as your personal representative
- Specifies recipients of different assets
- Names a guardian for minor children
- Leaves property to charity
- Establishes a trust for minors
Even if you have a revocable living trust or most of your property will pass through beneficiary clauses, it is important to have a will to cover property that is not included in these documents.
An Estate Planning Lawyer Can Create the Right Will for Your Situation
Every adult should have a will. If you have not taken the time to create a will or your documents are out-of-date, an estate planning lawyer at the Law Office of Ralph W. Powers, Jr., P.C. could review your situation and develop a will and other documents to protect your future. Contact us now to get started.