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>> Maryland Intestate Will
Maryland Intestate Will
You do not want to die without a will. If you die
without a will
and the assets of your estate are greater than your estate's
debts, then you are said to be "intestate." Every
state has laws on "intestate succession" that dictate who
gets what upon your death, regardless of any verbal
instructions to heirs, if no will exists. The Proy Law Firm has drafted
a sample "intestate will" that shows how an estate is distributed
during the probate process in the unfortunate event a person
were to pass away
without a will. As you can see from this intestate
will, if you pass away without a will, the State makes all
of your important
decisions for you.
This "intestate will" is an example of what a Last Will and
Testament would look like for someone who has passed away without
having any estate planning in place. However, it is
only a general overview of intestate succession in Maryland
and not a comprehensive guide to Maryland's estate laws.
Common Misconceptions About Wills:
(1) If a person were to die without a will
then
everything goes to the State.
This is incorrect. It is
only if no heirs are discovered that your estate
goes to the State. This rarely happens as
almost everyone has at least one living relative
somewhere.
(2) A person has given final instructions
orally and assumes the verbal instructions will be honored. This is an incorrect assumption. If you do
not have a will, your estate passes through
intestate succession and the probate process, it is that simple.
(3) An estate
cannot be charged attorney's fees if there is no will. This is untrue. Attorney's
fees for the probate of an estate are mandated by
statute and apply regardless of whether there is a
will or it is an intestate estate.
IMPORTANT: This intestate will is NOT a legal document, it
is a summary of the intestate laws of Maryland. DO NOT
attempt to use this intestate will as a form for legal
purposes. This intestate will is only being provided
as an example of the laws of intestate succession in
Maryland.
Last Will and
Testament
Of Intestate
John Q. Public
FIRST
If none of my children are
minors, I give my spouse Fifteen Thousand Dollars ($15,000).
[Estates and Trusts § 3-102]
SECOND
I give one-half (1/2) of the balance of my estate to my
surviving spouse and one-half (1/2) to my children.
[Estates and Trusts § 3-103]
If the assets to be distributed
exceed Ten Thousand Dollars ($10,000), I ask that court
involvement be required to determine how those assets will be
managed. [Estates and Trusts § 13-208]
I also ask the Orphan’s Court to
determine if a performance bond should be posted to
guarantee my surviving spouse or other personal
representative exercises proper judgment.
[Estates and Trusts § 5-604]
As a final safeguard, my children
shall have the right to review the financial records of my
surviving spouse
When my children reach the age of
eighteen (18) years, they shall have full rights to withdraw
their respective shares of my estate. No one shall
have any right to question my children’s actions on how they
decide to spend their respective shares. [Estates and
Trusts § 9-109]
THIRD
If my spouse predeceases me, I direct the court to choose a
guardian for my children. If any child has attained
fourteen (14) years, the court may appoint the guardian
chosen by such child. [Estates and Trusts § 13-702]
FOURTH
Should my spouse remarry, their second spouse shall be
entitled to take a one-third (1/3) share of everything my
wife possesses, or a one-half (1/2) share if there are no
surviving children. The second spouse shall have the
sole right to decide who is to get his/her share, even to
the exclusion of my own children.
FIFTH
Under existing tax law, there are certain legitimate avenues
open to me to lower death taxes. I prefer that my
estate’s assets be used for governmental purposes rather
than for the benefit of my wife and children. I direct,
therefore, that no effort be made whatsoever to lower taxes
so that the government may benefit substantially from my
death. [Estates and Trusts § 11-106]
SIXTH
I ask the Orphan’s Court to appoint either my wife or my
children over eighteen (18) years old, as it may decide in
its discretion, to handle my estate and to be my personal
representative. As a safeguard, I direct that my
personal representative file a performance bond to guarantee
that the personal representative do
everything as should be done. [Estates and Trusts §§ 6-102,
9-109 and 13-214(c)]
SEVENTH
Unless the Orphan’s Court approves otherwise, I direct that
no funeral or burial expenses in excess of ($5,000 for a
small estate less than $30,000 or $10,000 for a large estate
in excess of $30,000) be paid for my funeral or burial from
my estate. [Estates and Trusts § 8-106(b)]
EIGHTH
I specifically disinherit any
friends and other worthwhile causes because only my family
members, as outlined above, will inherit my estate.
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