If you want to know the importance of having a will, it helps to know what happens if you die without one. Maryland has a default set of rules (called intestacy statutes) that apply to individuals who die without a will (called dying intestate) in Maryland. Different states have different default rules. Who will inherit the property of the decedent (the…
How to Choose a Personal Representative
Your choice personal representative may be the most important decision you make in your will. A personal representative manages the affairs of the decedent after they die. This includes paying debts and taxes, creating an inventory of assets and other paperwork, gathering and distributing property, communicating with relatives, and hiring any professionals that are needed. (In other states this role…