What goes into an estate plan?
An Estate Plan details how your money, property, and assets will be distributed at your death. You don’t have to own a lot of property to have an estate. If you own anything at all, you have an estate. Here are just a few of the most common documents you need in an estate plan:
Last Will & Testament – a written document that provides instructions for the disposition of property upon your death. A Will also typically names someone to be your personal representative (or Executor) to carry out your instructions and names a guardian if you have minor children. A Will only becomes effective upon your death, and after it is admitted to probate.Power of
Power of Attorney – Also known as a POA, permits you to find a trusted person whom you authorize to handle your finances if you become incapacitated or unable to handle your own affairs. This person is referred to as your “agent” or “attorney in fact.”
Probate & Estate Administration – The death of a loved one is very unfortunate but it’s something we all have to go through at some point. An experienced probate attorney can empathize with you and try to take as much off of your plate as possible to help you navigate through the probate process.Often times the probate process is purely administrative and since we’ve been handling these cases in both Maryland counties and the District of Columbia for almost ten years, we are able to efficiently move you through the process.There are times where the Court needs to get involved and we are able to assist heirs to an estate who need probate hearings to:
- Contest a Will
- Remove a Personal Representative who is not properly carrying out their duties
- Verify the distribution amounts to the heirs
Navigating through the probate process can be overwhelming, especially when you’re dealing with the loss of a loved one. We are here to help reduce your overwhelm and make sure the process moves as quickly and smoothly as possible for you.