Estate Planning In Aberdeen, Maryland

Find the right Estate Planning attorney in Aberdeen, MD

Estate planning in Aberdeen, Maryland is simply the act of deciding what you want to happen to your assets after your death. It usually entails making plans about funeral arrangements, as well as plans for end of life care.

Generally, the first thing a person thinks about when they think about estate planning is a will. A will dictates what occurs to a person's property after they die. In general, you can leave your property to whomever you want, and attach almost any condition to such gifts. In the vast majority of estate plans, a will is the central component. It is rarely the only one, however.

In addition to a well-drafted will, a comprehensive estate plan should contain things like a living will (healthcare directives made in advance, in case you become incapacitated and unable to make or express such decisions), funeral instructions, and instructions relating to organ donations.

Most especially, an estate plan should give instructions on the care of your minor children. It should lay out who is to take custody of them, and, if possible, leave them a large sum of money to assist with this care. Of course, you should discuss this matter with the people who you want to take custody of your children, to make sure they can actually take on such responsibility.

What Type of Estate Plan Do I Need in Aberdeen, Maryland?

Obviously, the answer to this depends on many factors, as well as your goals and preferences. But, most people, when deciding what type of estate plan they need, consider their health, age, and wealth.

If you are in good health, young, and not married, planning an estate is likely not a high priority. And at this time in your life, it doesn't really have to be, with a few possible exceptions, such as individuals who work in very hazardous jobs, or who are very wealthy.

If you have a life partner in Aberdeen, Maryland, but aren't married to him or her, estate planning is crucial. If you want your partner to have most of the same rights and responsibilities as a spouse, it's usually possible with good estate planning. You should grant your partner power of attorney, so they can make decisions for you in case you become incapacitated. Furthermore, you should name your partner as a beneficiary in your will, because, unlike a spouse, a life partner will not automatically inherit your property if you die without a will.

If you are elderly, and have a large amount of assets in Aberdeen, Maryland, estate planning may be more essential at this stage of your life than any other. While estate planning deals with some morbid and unpleasant subjects (requiring us to confront the reality of our own mortality), it is crucial if you wish to live your life secure in the knowledge that your loved ones will be provided for to the extent that your assets allow.

Do I Need a Aberdeen, Maryland Estate Planning Attorney?

Estate planning in Aberdeen, Maryland is not always difficult, but it certainly can be. In moderately-sized to large estates, with a significant number of potential beneficiaries, it is crucial to have the assistance of an estate planning professional.

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

Life in Aberdeen

Aberdeen is a city located in Hartford County, Maryland. It has a population of around 14,000 people.

Aberdeen, Maryland is named after Aberdeen, Scotland.

Aberdeen, Maryland is home to the Aberdeen Proving Ground, which, starting in World War I, was used to by the army as a bomb-testing range. However, its use for that purpose is decreasing. A large portion of the former proving ground is being leased to commercial developers, which is expected to provide a major economic boon for the region.

The Aberdeen Proving Ground is still an active military base, despite the fact that some of it is being leased. An active military base, especially in a smaller community, is going to influence the culture of that community. Because service members from all over the country tend to be stationed on military bases, they bring their own unique character to the area where the base is located.

In addition to the obvious economic benefits that a large, constant consumer base creates, the diversity that such a facility brings in tends to have intangible benefits, as well.

The attorneys of Aberdeen, Maryland are experienced in working with a wide variety of clients, on a large number of different issues.

Whatever legal issue, you might have to deal with, it's probable that an Aberdeen, Maryland lawyer will be able to help.

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