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5001 Seminary Road, Suite 110
Alexandria, VA 22311
Planning an estate and writing a will are two important steps that anyone can take to aid in planning for the future. No matter how small or large, everyone has an estate, and planning for the distribution of this estate upon death can save many headaches down the line. Listed below are a few will writing tips to aid in the process.
One of the most important tips for writing a will is to keep it organized. Create a storage system for all financial records, titles, or insurance claims in a safe, marked location, which can be easily found by a family member. This ensures that all the proper information that is needed during the probate process can be found. This is also a great time for an individual to review all of his or her paperwork in order to make sure the wording is clear, there are no existing errors on the documents, and that any beneficiary designations are not out of date.
What is probate property?
When writing a will, it is important for an individual to understand which of his or her assets are subject to probate. Regardless of if a will is present, many assets must still go through the probate process. This is to ensure that after an individual’s death, all of his or her financial obligations are met, which may include selling parts of the estate that are subject to the probate process. There are certain assets, however, that avoid this route and may pass directly to any named beneficiaries. IRA accounts, life insurance policies, 401(k)s are common examples of non-probate property.
Although it is not necessary, seeking direction from an experienced attorney can aid greatly in the will planning process. These individuals can answer any questions about creating a will, maintaining a will, and the entire probate process and distribution of assets upon death.
Estate planning lawyers in Maryland
Clients who need help with their estate planning can find relief with Kamerow Law Firm knowledgeable and experienced in wills, estate and trust administration, and powers of attorney, we can help you to make sure your estate plans are in order.
If you find yourself in need of estate planning assistance, contact us online or give us a call at 703-370-8088. We get involved with our clients’ estate planning issues and are available every step of the way.