Who Needs a Will: Married without Children

married without kidsMany married couples without children believe a Will is not terribly important because there are no children and, thus, no worries about Guardians for the children or Trustees to manage inherited money for the children.

There is the further misconception that if one dies, the surviving spouse inherits everything.

The law in Maryland states that the surviving spouse only receives one-half of the probate estate of the deceased.  The parents of the deceased spouse receive the other half.

The probate estate consists of all property solely owned by the deceased which was not directed to a specific person by a beneficiary designation, such as life insurance or retirement benefits.

Since most married couples want their spouse to inherit everything at the time of their death, a properly written Will is essential to carryout their desires.

By | 2016-12-13T09:14:24+00:00 February 11th, 2014|Featured Articles, Top Legal Tips|0 Comments