Do we Need an Attorney to Help us with our Estate Planning? Is There an Easy Way to do this Ourselves?
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Summary
My fiance & I purchased a house together in the state of Maryland. We would like to write up an agreement that if something happens to me, he gets 100% ownership of the house and everything in the house and if something happens to him I would get 100% ownership and everything in the house. Is there a legal document that we can pick up at Staples and have notarized? Would the document be a legal and binding in the State of Maryland, or would it be in our best interest to get an attorney? |
“My fiance & I purchased a house together in the state of Maryland. We would like to write up an agreement that if something happens to me, he gets 100% ownership of the house and everything in the house and if something happens to him I would get 100% ownership and everything in the house. Is there a legal document that we can pick up at Staples and have notarized? Would the document be a legal and binding in the State of Maryland, or would it be in our best interest to get an attorney?”
What you are describing here is some basic estate planning. There are several different ways that you can ensure that property passes to someone when you die: you can change the ownership of the property to joint tenancy with right of survivorship, you can make out mutual wills, or you can set up a trust. Which of these would be best for you will depend on your situation, and you should be aware that there are significant financial consequences of your choice. Therefore, it’s best to consult with an attorney.
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For more on this subject check out these categories: Family Law, Property, Wills, Trust & Estate Planning, Relationships
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State laws vary, and the above is intended as general advice, and not direct legal advice regarding any one particular situation in any one state. For direct personal legal advice related to your own situation you should consult an attorney familiar with the laws of your state and with your situation.
