Maryland Newly Widowed Individuals Package

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State:
Maryland
Control #:
MD-P027-PKG
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PDF; 
Word; 
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Description

This package contains essential legal documents for Newly Widowed Individuals who desire to organize their Legal Life. The documents in this package are state specific and include the following:



1. An Heirship Affidavit

2. A General Power of Attorney effective immediately

3. A Revocation of Power of Attorney

4. Statutory Living Will

5. A Personal Planning Information and Document Inventory Worksheet

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  • Preview Maryland Newly Widowed Individuals Package
  • Preview Maryland Newly Widowed Individuals Package
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FAQ

If you're making a WillMaker will, your spouse has died, and you haven't remarried, choose "I am not married" as your marital status. However, in the eyes of the law, your marriage ended when your spouse died.

The difference between Single and Widowed. When used as adjectives, single means not accompanied by anything else, whereas widowed means whose spouse has died or is gone missing.

Read on to learn more about the qualified widow or widower filing status. Qualifying Widow (or Qualifying Widower) is a filing status that allows you to retain the benefits of the Married Filing Jointly status for two years after the year of your spouse's death.

You can still use married filing jointly with your deceased spouse for the year of death unless you remarry during that year. If you remarry in the year of your spouse's death, you can't file jointly with your deceased spouse.You and your new spouse can also each use married filing separately.

The widow's tax penalty or tax trap, as some call it, refers to the situation many surviving spouses face with having to pay more taxes in the years following their spouse's passing.

After the two-year period has ended, you may no longer file as Qualifying Widow or Widower. If you remarry at this point, you can then file as Married Filing Jointly or as Married Filing Separately. If you do not remarry in the third year after your spouse's death, you are considered single.

Qualifying widow(er) status is a special filing status available to surviving spouses for two years following the year in which their spouse died. The married filing jointly and qualifying widow(er) statuses have the same applicable tax rates and tax brackets.

Although there are no additional tax breaks for widows, using the qualifying widow status means your standard deduction will be double the single status amount. Unless you qualify for something else, you'll usually file as single in the year after your spouse dies.

The deceased spouse's filing status becomes Married Filing Separately. Surviving spouses who have a dependent child may be able to use the Qualifying Widow(er) status in the two tax years following the year of the spouse's death.

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Maryland Newly Widowed Individuals Package