Real Estate

Why Every Family & Individual Working Professionally Needs A Will

Why Every Family & Individual Working Professionally Needs a Will

We meet clients every week who believe their families will simply figure things out after they pass. 

The reality is much different. 

Without a will, the state makes the decisions for you. This often leaves families stressed, confused, and many times arguing over things you never intended. A well prepared will puts you in control, protects the people you love, and delivers genuine peace of mind after you are gone Probate lawyer Maryland

Here is why having a current will is so important:

·  You decide exactly who receives your property instead of letting Maryland, DC or VA intestacy laws decide for you

·  You choose your executor of your will. The person you trust to handle your affairs, rather than leaving it to the court

·  You name guardians for your minor children your pets so a judge does not make that critical choice

·  You can leave specific gifts to family members, friends, or charities

·  You include instructions for your pets, funeral wishes, your digital assets or other personal requests

·  You reduce family conflict and lower legal costs by making your intentions crystal clear and give them du

It is time to include your digital assets in your will

Today our lives are filled with online accounts and digital property that did not exist twenty years ago. These assets have real value and hold tremendous sentimental importance think about all of those photos and videos you took.  What about that YouTube channel you started?  Yet many estate plans still overlook these items Probate attorney Washington DC.  

You should add these items to your will because:

·  Online banking and investment accounts need clear access instructions

·  Cryptocurrency, digital wallets, and stock trading apps require specific login and transfer details

·  Social media profiles, email accounts, and cloud storage contain irreplaceable photos and videos. And what about those passwords?

·  Online businesses or domain names may need to be sold or transferred smoothly

·  Tech companies often block family members due to strict privacy policies unless you grant legal permission in advance

Maryland, Virginia, and the District of Columbia each follow a version of the Revised Uniform Fiduciary Access to Digital Assets Act. This law allows you to give your executor or trustee clear authority to manage or close your digital accounts. A short paragraph in your will handles this and prevents months of frustration for your loved ones.

Living in the DMV area adds another important reason to act. Estate rules change depending on which jurisdiction you call home.

·   Maryland your spouse may receive only half of the probate assets if you have children, and the state collects both estate tax and inheritance tax on larger estates.

·  In Virginia the surviving spouse often inherits everything unless children from another relationship exist, and probate can move faster with more informal procedures.

·  In the District of Columbia the division between spouse and children follows its own formula, probate remains more court supervised, and there is no inheritance tax though estate tax rules still apply.

By meeting with an attorney, you will learn how these differences will impact how quickly your family can take action after you are gone. And also, how your family receives assets and how much they ultimately keep after taxes and fees.

At The Law Office of Brian Gormley, LLC we help DMV families and individuals create modern wills that cover both traditional assets and the full range of digital property.  Updating your plan takes far less time than most people expect, yet it spares your loved one’s uncertainty and stress.

If you have been putting this off, now is the perfect time. Contact our Bethesda office and schedule a consultation. We will walk you through every step so your wishes are clear, your digital life stays protected, and your family is cared for exactly as you want. 

 

At The Law Office of Brian Gormley, LLC in Bethesda, Maryland, we've helped countless families navigate exactly this kind of situation. We understand that this isn't just about paperwork, it's about protecting the people you love and making sure their wishes are honored.

We proudly serve families throughout Maryland, Washington D.C., and Northern Virginia. If you've been putting this off, let this be the nudge you needed. Reach out to our office and let's have a conversation. Your family will thank you for it.