Jurisdiction is an important concept when it comes to litigation. This is definitely true for estate administration matters that are taken to court in Maryland or in any other state. The question of jurisdiction can be important when a party decides to sue a trust in court.
Planning an estate can already be quite a task for many people. However, planning for estate administration can be even more daunting for married couples with a prenuptial agreement in Maryland. One man had to deal with this situation but was able to find a solution through a cleverly designed estate plan.
Marriage is often one of the most special unions that a person can experience. Although spending time together is usually the one thing newlyweds do right after tying the knot, most probably do not envision spending this time together planning their estates. However, it is important in Maryland to reevaluate one's estate administration strategies after a significant life change, such as a marriage.
Many older people who are looking into estate planning already know who their primary beneficiaries will be, usually their children. However, there are significant numbers of older individuals who are married without children or who are single and do not have children. For them, planning for their estate administration will require additional considerations regarding designating beneficiaries. Also, children are normally the designated caregivers in case one is incapacitated, which is not an option for older Maryland individuals without children.