Bowie Estate Planning

Find the right Wills & Trusts attorney in Bowie, MD

In Bowie, "estate planning" refers to all of the decisions affecting how a person's property is going to be disposed of after their death, as well as the procedure of implementing those decisions when the time comes.

The problems that estate planning raises are sometimes very confusing. Without competent legal and financial advice, many problems can pop up, which can quickly throw your entire plan into disarray, and cost your survivors a great deal of time, energy, and money.

While planning your estate, there are a few common issues that most people should consider. One big one is the decision relating to power of attorney, which is an arrangement where you give one person the power to make legally-binding decisions on your behalf. You can set up an agreement telling your representative exactly what power they have, what you want them to do, and when the power will vest (usually, if and when you become unable to make your own decisions).

A reputable estate planner in Bowie, can make this process much easier, minimizing the chances that your estate plan will end up in court, saving your survivors a huge amount of time and money.

Common Features of Bowie Estates

Will: This is the centerpiece of most estate plans. A will is a document written by a person (the "testator"), usually with the help of a lawyer, which says what is to be done with their property after they die. Most provisions in a will are legally binding, to the extent that ownership of the property legally passes to the named beneficiary. Nonetheless, a will cannot compel a person to do anything against their wishes (though it can certainly state your preferences on the matter, phrasing them as requests).

Living Will: A living will contains instructions about your medical care, generally for the purpose of informing your family and doctors of your preferences if you suddenly become incapacitated. A living will is very essential if you have any strong preferences in this area. It should be written with the advice of a doctor, so you know the precise medical consequences of your decisions, and a lawyer, so it is virtually guaranteed to be legally binding.

Power of Attorney: This is an arrangement in which you give someone else, usually a trusted family member, the authority to make financial and medical decisions on your behalf, in case you become unable to make or express your own decisions.

Funeral Arrangements: If you have any strong preferences concerning the disposition of your physical remains, you should make them known to your family early, and should not include funeral instructions in your will. Wills are often read weeks after the testator dies, so in most cases, it will be too late by then.

Do I Need a Bowie Estates Lawyer?

A poorly drafted or executed Bowie estate plan can have major negative consequences. For instance, it might be confusing to the people who are most directly affected by it. This confusion can often lead to costly litigation. For that reason, the advice of an experienced estate planning attorney can be invaluable.

Talk to a Wills, Trusts & Estates Law Attorney now!

Life in Bowie

Bowie is the largest city in Prince George's County and the fifth most populous in the state of Maryland. The city was founded in 1882 when the Baltimore Potomac Railroad Company began construction of a rail line connecting to southern Maryland. There are over 50,000 residents of Bowie today who enjoy the city's rich history which is displayed at the Huntington Railroad Museum. The museum acts as a welcome center and displays pictures and various Bowie artifacts in the original stations which have been beautifully restored.

Bowie is popular among families and students alike with a plethora of schools including public, private, and institutions of higher learning like Bowie State University. There's a host of lawyers in the city too. Lawyers in Bowie take nearly every kind of case and are familiar with consulting clients in many different areas of law, working with you to decide what's best. Other attractions include the Bowie Baysox, a baseball team. Bowie isn't a notably affluent city but the median income for residents is ,670 and the city boasts that less than 2% of the population is below the poverty line.    

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