Though many Maryland residents may believe that their families could effectively handle their estate in the event of their deaths, it may be fitting to leave behind detailed instructions. These instructions may take the form of trusts or wills that dictate which parties may be entitled to what property. These documents could be drawn up legally through various channels.
Before creating a will, individuals may wish to have their property appraised. Though this step may seem obvious for physical property, intellectual property should not be left out. There are various forms of intellectual property, and by discerning what that property is and the value of it, individuals may be better equipped to leave behind rights and ownership to their desired parties with more peace of mind.