What Documents Do You Really Need for Estate Planning in Maryland?

Robert Owings | Jun 18 2025 19:00

Understanding Estate Planning in Maryland

 

Estate planning is the process of managing and distributing your assets in the event of your death or incapacitation. In Maryland, like elsewhere, having the right documents in place can ensure your wishes are respected and your loved ones are taken care of according to your desires.

 

Key Documents for Maryland Estate Planning

 

  1. Wills: A will is perhaps the most well-known estate planning document. It allows you to specify how your assets should be distributed after your death. You can also select guardians for minor children and appoint an executor to administer your estate. While it is possible to draft a will without a lawyer in Maryland, consulting with an estate planning attorney can ensure that your document meets all legal requirements and thoroughly reflects your intentions.
  2. Trusts: Establishing a trust can provide greater control over asset distribution and potentially avoid the probate process, making the transition smoother for your beneficiaries. Trusts can also offer tax advantages and protect your privacy since they are not public documents like wills.
  3. Medical Directives: This includes documents such as a living will and a durable power of attorney for healthcare. These are crucial for outlining your healthcare preferences in case you are unable to communicate them yourself. Maryland residents can use these documents to specify their treatment preferences and designate someone to make medical decisions on their behalf.
  4. Financial Power of Attorney: This document allows you to appoint someone to manage your financial affairs if you're incapacitated. The appointee can make decisions about paying bills, managing investments, and handling other financial transactions. Having a trusted individual in this role prevents delays and potential financial mishaps during incapacitation.

 

Do You Need a Lawyer for Estate Planning in Maryland?

 

While it is possible to create some estate planning documents on your own, consulting with an experienced estate planning attorney in Maryland can provide several benefits. An attorney can help navigate local probate laws, ensure that documents are correctly drafted and legally sound, and provide advice tailored to your specific situation and needs. Rob Owings, with his local expertise and personal approach, can help guide you through this complex process, ensuring peace of mind for you and certainty for your loved ones.