Names like Princess Diana, Warren Burger, Michael Jackson and others generally inspire awe and respect for their accomplishments during their lifetimes. However, there are also important lessons that Maryland residents can learn from these individuals, and others, about estate planning and probate administration. The probate administration process can be challenging for families in the best of circumstances. In complex circumstances however, the process can be even more difficult.
Maryland families may have to face the eventuality that a loved one may need guardianship. Whether it's for illness or mental problems, sometimes people become unable to manage their own affairs, requiring that someone else step in and help. Such is the case in a heart-wrenching incident that has made headlines around the nation. One woman's father has stepped in and is seeking guardianship of his daughter, who is suffering from a terminal illness.
It is said that as many as 50 percent of parents in the U.S. do not have a will. In addition, many people find it challenging to consider their mortality, so they delay the estate planning process. For those Maryland residents who do begin the estate planning process, however, there are a number of things that they must consider. One area of estate planning that is certainly important is the will planning process. While it is true that there are certain steps that should be taken once a will is drafted, there are also many considerations during the process.
An ongoing murder case in one state may have caused many in Maryland, and across the U.S., to take a look at their estate plans and who they have listed as executors on their estate. A man was murdered in 2010 by his wife's boss, who has been convicted of the murder. In an unusual twist, the man's wife has been implicated as a conspirator in the murder. This complicates the estate administration process because the executor on the man's estate is his brother, and the man's wife is the primary beneficiary.