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Many people in Maryland create trusts to ease the transfer of assets to their loved ones and also to reduce some taxes. While there are many types of trust you can create to achieve the same purpose, the one that has been gaining popularity of late is the grantor...
Maryland residents who have guardianship over someone with developmental disabilities have a lot to consider when it comes to estate planning. A good way to make sure that your loved one has financial security after you’re gone is by setting up a special needs trust....
Establishing a trust for a special needs person in Maryland involves careful planning. You also need to make sure that you are fully in accord with state laws. It's a good idea to confer with your financial and legal advisors before you undertake this activity. There...
Trusts are a possible way to avoid probate in Maryland. There are many different types of trusts and conditions for controlling the withdrawal of assets. Five by five power is one clause to consider including in a trust you set up. This would mean that beneficiaries...
When it comes to estate planning in Maryland, there are a variety of options to choose from. One popular option is the revocable living trust. This type of trust allows you to maintain control over your assets during your lifetime and designate who will inherit your...
A trust is a legal document that allows you to control your assets in Maryland after you die. This can be a great way to ensure that your loved ones inherit your property and money smoothly and timely. But what assets should be included in your trust? Keep reading to...
In Maryland, one way to honor people who have passed away is to set up a memorial trust. This allows people to make donations to a charity, surviving family members of the deceased or anything that the deceased believed in. How memorial trusts work A memorial trust is...
When it comes to estate planning, you have several options for maintaining control of your assets even after you pass away. An inter vivos trust is often used to monitor the flow of assets. This legal document is created while you're still alive and your assets are...
Working hard all your life to accumulate assets is a monumental task that you don't want to go to waste. However, passing on inheritance in Maryland can be challenging. One of the elements you may worry about is if your child someday gets divorced. If this occurs, it...
As part of their estate plan, Maryland residents may want to create a trust. An irrevocable life insurance trust is one of the many options available. What is an irrevocable life insurance trust? Trusts are common tools used in estate planning. An irrevocable life...