Wills Trust & Estates
Wills • trusts • Estate planning & wealth management • power of attorney • advance medical detectives
At Jackson Law Firm
We review each client’s individual financial circumstances to craft a custom estate plan that will work for you. We draft wills and establish trusts that are designed to meet each client’s specific needs, whether that is simply distribution of assets, estate tax minimization or an appointment of guardians of minor children.
What is a will?
A will is a legal document that sets forth the distribution of a person’s property after death.
What is a Trust?
A trust is a fiduciary arrangement that allows a third party, or trustee, to hold assets on behalf of a beneficiary or beneficiaries.
Who can make a will?
Anyone who is at least 18 years old and of sound mind can make a will.
Are there formal requirements for a will to be valid?
You must sign your will in the presence of at least two independent witnesses. Each witness must be at least 18 years old.
Can a will be changed?
If you are of sound mind, you can change your will at any time by signing a document called a “codicil,” which is an amendment to your will, or by signing a new will. Both codicils and new wills must be executed with the same formal requirements.
What if I die without a will?
If you die without a will, Maryland Law will determine how your assets will be distributed. It is important to recognize that some family members you would not have included in your will had you drafted one may have a claim to some or all of your estate.
Who should be my personal representative?
Your personal representative should be a person that you trust and who is able to handle financial records and capable of making decisions regarding your estate.
How should my will provide for the care of my minor children?
In your will, you are able to name the person or persons that you wish to care for your children if you pass away prematurely.
Where should a will be kept?
You should keep your will in a safe place that someone will be able to access upon your passing away. At Jackson Law Firm, we are able to store wills upon client request. Call us today for a free Estate Planning Consultation.