Family members in Maryland typically disagree about how a loved one who is incapacitated should be cared for. This is especially true when a large amount of money happens to be involved. In this situation, the court has the ability to create a guardianship.
For most people in Maryland, planning for one's own death is not usually considered a pleasant task. However, if people fail to make provisions for their passing, they may end up causing confusion and pain for their heirs later on. Developing a will is a particularly valuable part of estate planning.
Estate planning is typically not high on people's lists of favorite things to do. However, creating a will or setting up a trust is important in order to protect a Maryland resident's assets following death. Trusts, in particular, are legal documents that control the management of assets, as well the transfer of those assets.
People in Maryland understandably typically prefer not to discuss death-related topics, which is why estate planning is often placed on the back burner of priorities. However, creating an estate plan is an essential task, and the beginning of the new year is an ideal time to embark on it. Seeking out legal guidance in the area of estate planning is also wise at a few other specific moments in life.