Glen Burnie Wills Lawyer

Wills Attorney in Glen Burnie

Planning for your future is important, especially for your loved ones left behind after you pass away. Without a will, the state of Maryland can determine how your property and assets may be distributed. A Glen Burnie wills lawyer can help you put your affairs in order and give you peace of mind that your loved ones are protected and cared for.

At Liberty Legacy Law Group, our skilled team can assist you with forming a last will and testament. You deserve a clear path forward, whether you are newly married, a retiree, a business owner, or an entrepreneur. Our team can help you leave a lasting legacy to those you care for the most. Our straightforward, honest approach can help you create a personalized estate plan.

Liberty Legacy Law Group Can Help With Wills

When someone passes away in Maryland without a valid will in place, they are considered to have died “intestate.” This means their estate may be distributed in accordance with Maryland’s intestate laws. When this happens, the state decides all of your assets, property, and guardianship of any minor children.

According to a recent study, only 32% of Americans have a will in place. This means a vast majority of Americans have their property distributed through probate after they pass, costing their loved ones time, money, and, in some cases, hard feelings. Probate matters in Glen Burnie are usually handled at the Anne Arundel County Orphans’ Court.

When you hire a wills lawyer, you can name your beneficiaries, individuals who can receive certain assets, properties, or business ownership after you pass away. Properties and assets can include cars, homes, boats, jewelry, artwork, and other sentimental items.

Our team can also advise on estate tax planning. By establishing a trust, you can help your loved ones avoid paying certain taxes, such as capital gains tax. A trust is also a great option if you do not want your beneficiaries to receive their entire inheritance at once.

A trust can be helpful if you have your own or special needs children. When your assets are put into a trust, you can name a trustee to manage the assets and distribute them once the beneficiary turns a certain age. Contact a Glen Burnie special needs trust lawyer if you need any help.

A will is essential when you have young children because one main component is to name legal guardians for your children should you pass away while they are still minors. If you do not have a will in place, upon death, the courts may decide who can become your children’s legal guardians.

Types of Wills in Glen Burnie

In Maryland, a will is valid only if it is in writing, signed by an individual who is 18 years of age or older and of sound mind, and witnessed by two people at the same time who have no interest in the will. The individual who established the will and signed it is called the testator in Maryland laws.

There is no right time or age to begin estate planning. Whether you are young and just starting out or are a retiree, now is a great time to start. There are many different kinds of wills your Glen Burnie wills attorney can help you choose from:

• Simple wills. A basic will instructs how assets are to be distributed and names guardians for any minor children.
• Testamentary trust wills. This form of will establishes a trust for estate administration to any named beneficiaries
• Pour-over wills. These transfer any remaining assets into a trust that is already established after you pass away.

Our skilled team at Liberty Legacy Law Group can meet with you to review your current status and future goals. Together, we can find a will or a combination of wills that suits your situation.

FAQs

How Often Should I Update My Will?

Estate plans can and should be modified as your life circumstances evolve. It is advised to review and update your will every few years or sooner if major life changes occur. Events that should prompt reevaluation and modification to your will are a marriage, the birth of a child, divorce, or any significant financial changes. At Liberty Legacy Law Group, our team can assist with periodic reviews and modifications to any existing will you may have.

How Much Does It Cost for a Will in Maryland?

The cost of a will in Maryland can range based on the complexity of your estate, the experience of your attorney, and your location. Maryland has many strict requirements for wills, and if those requirements are not met, then your will may not be legally valid. With an experienced Glen Burnie estate planning attorney, you can rest assured that your documents can stand up in court, and your wishes are protected.

Can a Will Be Contested in Maryland?

Yes, a will can be contested in Maryland, but only if it is believed that the testator was put under pressure to write the will, lacked mental capacity, or the will was improperly executed. In order to contest a will in Maryland, you must have substantial evidence to back your claim.

What Type of Lawyer Is Ideal for Wills?

The ideal type of lawyer for creating a will is an estate planning lawyer. They focus on the state and federal laws governing property and asset distribution, advise on minimizing inheritance tax, and provide guardianship services. An estate planning attorney can offer a tailored solution for your situation and assist with modifications as your life evolves.

Hire a Wills Lawyer

Place your trust in our experienced team of wills lawyers at Liberty Legacy Law Group. We are a boutique law firm offering security to individuals seeking to protect their legacy and loved ones through individualized estate planning. We have helped numerous clients in Glen Burnie and the surrounding area and are ready to assist you, too.  Contact us today to get started.