You can change your will anytime you want before you die. This includes the ability to revoke your own will. If you revoke a will without creating a new one, you will be treated like you never had a will and the rules of intestacy will govern. (What Happens If I Die Without a Will?) It’s even possible for an…
What Does “Per Stirpes” Mean?
You may have been confused by the phrase “per stirpes” before in a will. Here’s a quick rundown on what it means in Maryland. Per stirpes (pronounced “purr stir-peas”) literally means “by the stocks” or “by the roots.” It is used when a beneficiary’s children inherits their parent’s share if the beneficiary is no longer living. It’s best understood through some examples. Example…
What Happens If You Don’t Have a Will in Maryland
If you want to know the importance of having a will, it helps to know what happens if you die without one. Maryland has a default set of rules (called intestacy statutes) that apply to individuals who die without a will (called dying intestate) in Maryland. Different states have different default rules. Who will inherit the property of the decedent (the…
How to Choose a Personal Representative
Your choice personal representative may be the most important decision you make in your will. A personal representative manages the affairs of the decedent after they die. This includes paying debts and taxes, creating an inventory of assets and other paperwork, gathering and distributing property, communicating with relatives, and hiring any professionals that are needed. (In other states this role…
Where to Store a Will in Frederick County
If you’ve gone through the trouble of creating a will, you’ll want to make sure it is stored in a safe location. Here are some options for storing a will in Maryland (and one to avoid). Whatever option you choose, make sure that your personal representative knows where it is and has access to it. Filing at the Frederick County…