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Last Will and Testament Template - Maryland
A Maryland Last Will and Testament is a legal form used for the purposes of distributing an individual's property upon their death to the selected beneficiaries. The document has several main purposes and allows the individual making the will - otherwise known as the Testator - to do the following:
- Decide who gets their property and who will manage their estate;
- Decide who will take care of any minor children, dependents or pets;
- Minimize probate and estate taxes and avoid a lengthy probate process;
- Make gifts and donations;
- Set up a family trust.
The Maryland Last Will, available for download below, is regulated by Title 4 (Wills) . The document must be signed by two (2) credible individuals in the presence of the Testator. Click on this link to create your own form with our online customizable template.
A signed copy of Form RW1102, Proof of Execution of Will (released by the Maryland Office of the Register of Wills) must be attached to any will.
What Is a Last Will and Testament in Maryland?
On the whole, a Last Will and Testament allows a Testator to allocate their assets between any number of parties according to their wishes. Creating a will gives the Testator sole discretion over the distribution of their estate. If the Testator is the owner of a business or has any investments, their will can direct a smooth transition of those assets as well.
Making the document is a necessary - and, usually, a fairly simple process - that can save the Testator's family time, money, and give all parties piece of mind.
How to Write a Last Will and Testament in Maryland?
A Last Will and Testament in Maryland is usually made up of instructions regarding:
- Burial requests;
- Debts and expenses;
- Personal property;
- Cash, bank accounts, investments;
- Digital assets.
Not all assets the Testator owns can be distributed according to their will. The only property the Testator may bequeath is solely-owned property titled at their name at the time of death. Any property owned by the Testator's spouse or partner will also not be affected by the provisions of a will.
Download Last Will and Testament Template - Maryland
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