25+ Years Of Legal Experience
Totten trusts offer a streamlined approach to transferring specific financial resources upon death. These trusts, known as payable-on-death (POD) accounts, permit account holders to designate beneficiaries who will directly receive the assets held in bank accounts or...
A living trust can play a vital role in protecting your assets and getting them into the hands of those you wish as fast as possible once you die. Assets left outside of a trust (and not accounted for in another way, such as a beneficiary designation) usually need to...
A trust is an estate planning tool that lets you nominate a trustee to manage specific assets on behalf of your beneficiaries. If you get it right, a trust can considerably expand your estate planning options while granting you control over your estate even after...
A trust is an estate planning tool that lets you nominate a trustee to manage specific assets on behalf of your beneficiaries. If you get it right, a trust can considerably expand your estate planning options while granting you control over your estate even after...
The uncertainty of life will most certainly always trample over future plans. For instance, it's almost impossible to know which spouse will outlive the other, if they will remarry or the type of relationship that your loved ones will have after you're gone. To that...
An intentionally defective grantor trust (IDGT) is a mixture of an irrevocable and a revocable trust. It takes on the characteristics of a grantor trust for income tax purposes and an irrevocable trust for reducing estate tax. Assets in an IDGT trust aren't part of...
One of the biggest headaches of receiving an inheritance in Maryland is the taxes you will have to pay. Estate tax kicks in when you come into a high amount of wealth or other assets from a benefactor who is now deceased. If they didn't plan their estate carefully,...
Establishing a trust can be an ideal way to protect assets such as your car, bank account or Maryland home. However, if the trust is created in bad faith, it may be possible to have it dissolved. For instance, if it was created just days before filing for divorce, a...
In Maryland, individuals may want to include a trust as one component of their estate plan but do not understand precisely how a trust works or the benefits it can provide. Understanding basic trusts and their variations can help individuals make informed decisions...
Maryland residents include living trusts in their estate plans to ensure that their assets are distributed according to their wishes after they pass away. Trusts can be used to shield assets from creditors and prevent people who have not managed money well in the past...