Procrastination and estate planning do not mix

Posted by Angela Holliday Hansen Esq. | Dec 23, 2015 | 0 Comments

Estate planning is for everyone, no matter what their age or worth. Whether an estate is simple or complex, nearly everyone in Maryland has some sort of opinion regarding who they want to inherit their property and what should happen should they become incapacitated. Perhaps you know that a favorite nephew would enjoy your stamp collection, that you want a specific individual to serve as guardian of your children should you pass before they are grown, or you may have strong opinions about what medical steps may be taken to prolong your life.

For example, an estate plan can identify which individuals are to inherit one's property such as real estate, stocks, motor vehicles, pieces of art, jewelry, savings accounts and life insurance proceeds. A well-drafted estate plan can help transfer these assets in an efficient manner. There may also be tax benefits to having a solid estate plan in place. Depending on its contents, an estate plan can help avoid probate. In addition, an estate plan can name a guardian of any minor children and can establish what life-sustaining treatment an individual wishes to receive -- or not to receive -- if he or she becomes incapacitated.

Despite all of this, many in Maryland do not have an estate plan. Perhaps they dread thinking about their eventual death or perhaps they simply do not know where to start. After all, estate planning is a complex process. Fortunately, legal help is available to those who wish to create an estate plan. An attorney can be a great resource in the estate planning process, taking care of all the minutiae that an individual may not even be aware of.

The professionals at Hansen Legal & Mediation Services have assisted many residents of Maryland with their estate planning needs. Individuals interested in estate planning may want to start the process by reviewing the information found on the firm's website. With the right help, it is possible to create and implement a solid estate plan.

About the Author

Angela Holliday Hansen Esq.

Angela Holliday Hansen, Esq., is a former big firm corporate attorney who now practices family law in Rockville Maryland. Ms. Hansen oversees complex estate administration and drafts...

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Hansen Legal & Mediation Services in Rockville, Maryland, serves Montgomery County and nearby communities including Bethesda, Chevy Chase, Gaithersburg, Silver Spring, Potomac, Germantown, Olney, Burtonsville, Takoma Park, Kensington, Wheaton, Aspen Hill, Clarksburg, North Potomac and Frederick.

100 Park Avenue
Suite 106

Rockville, MD 20850
301-517-5729
Mon, Tue, Wed, Thu, Fri: 09:00am - 05:00pm
100 Park Avenue
Suite 106

Rockville, MD 20850
301-517-5729
Mon, Tue, Wed, Thu, Fri: 09:00am - 05:00pm

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