Very few people actually understand what will happen if they die without a will.
There are many assumptions that people have about their estate. The biggest assumption is that everything will automatically pass to your spouse after you die. This is wrong.
Even if you die without a will, Maryland has a default will for every individual. This default will is called intestacy.
It is the plan that Maryland assumes is the best overall. The problem is that this often is not the best for each individual person. What happens if you die alone?
No blood relatives
This means that there is no blood relative. Now, everyone can eventually find a blood relative if they search back far enough, but Maryland law like all states have a cutoff point.
In Maryland, this cut off point is the descendants of your great-grandparents. If you there are no descendants of your great-grandparents the estate will escheat. This simply means that your hard-earned money will go to the government. To prevent this from happening please give our office a call and we would be happy to help you.
A Comprehensive Approach to Estate Planning
Here at the Law Offices of Ross W. Albers, we can help you with the following types of estate planning in Maryland:
- Advance Directives
- Health-Care Proxy
- Power of Attorney
- Living Will
When planning out your end of life and how your estate will be transferred you have several options. Here at The Law Offices of Ross W. Albers we know all the ins and outs of these options and can explain them to you in a way that makes sense. Simply put, we sit down with you to understand your goals and craft a plan which achieves those goals in the best possible way.
The Law Offices of Ross W. Albers are located in both Carroll County and Howard County. The two offices represent clients in Maryland DUI/DWI, personal injury, and criminal matters throughout Maryland. Located in downtown Westminster and Columbia, Maryland the Law Offices of Ross W. Albers take a personal interest in each client. You need an attorney that will listen to you and understand your unique situation, whether it be a criminal arrest, complex divorce and custody case, drunk driving charges, or an injury caused by an automobile accident. For more information visit https://www.rossalbers.com/The post What is intestacy? appeared first on Albers and Associates.