Maryland,Will,and,Last,Testame law Maryland Will and Last Testament used to designate beneficia
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A Maryland Will and Last Testament is a very critical legal document that become particularly important when the time comes to divide up the assets of your estate. Your estate in essence consists of all of the assets that you have attained throughout your life. These assets vary greatly from one case to another but the most important aspect is that the assets need to go to someone upon your death. So lets say you have a very expensive fancy car collection. Well, without a Maryland Will that unambiguously sets out the exact individuals that are to receive your car collection the courts really have not way of exactly telling who is to receive the assets. This can be very problematic for the heirs whereby two individuals may believe that they are entitled to the collection. A very simple way to resolve this issue is to have a Maryland Attorney prepare your Maryland Will and Last Testament. This legal document in essence clearly sets out what assets are there in the estate and to whom should the assets go to upon your passing. So if there is a dispute among heirs as to who should receive your assets, your Will can present to the courts in unambiguous language who is the true heir of your collection. This in turn will save your heirs a lot in legal and courts costs as to dispute these cases in probate court become very expensive and time consuming. Thus by simply having a Maryland Will prepared by a Maryland Attorney you can avoid such costs and hassles.The question always comes up as to whether a Maryland Will is really necessary. Many individual have a preconceived notion that a Maryland Last Will and Testament is nothing necessary and one could definitely go through life without one. Well this is partly correct as you per se do not need a last will and testament. However, should you not have a Maryland Will at the time of your death then your family will face some consequences and incur some expenses that you wish that a Will had been created when you were alive. Essentially the process works like this. Once you pass away and your estate is to be distributed if there is not a Last Will and Testament then there really is no way of telling who is to receive your assets. Lets say that you are married and have a collection of antique coins that was passed down to you by your grandfather. Well, your grandfather had always told you and everybody in your family that after he passes on he would like you to keep the coins but to also share it with your brother. However, upon your passing since there is no Maryland Will the courts will have to decide who gets the coin collection. In cases were the Will does not exist, then the entire estate will go to probate court in order to determine who will receive the assets. In the previous example, your wife may say that she is entitled to the coins as she is your wife and has lived with you for most of your life. However, your brother may also contend that it is common knowledge in your family that your grandfather desired him to also have the coins as well. This produces a problem that the probate court needs to find a solution to. Article Tags: Last Testament, Probate Court
Maryland,Will,and,Last,Testame