How Do I Fund My Trust?
Funding a trust involves transferring ownership of your assets into the trust so that they are managed and distributed according to the trust’s terms. Here’s a step-by-step guide on how …
How Can I Avoid Probate?
Avoiding probate is a common goal in estate planning because the probate process can be time-consuming, expensive, and public. Here are several strategies you can use to minimize or avoid …
Are There any Maryland State Specific Taxes I Should be Aware of in my Estate Planning?
Yes, Maryland has several state-specific taxes that can impact your estate planning. Understanding these taxes is essential to developing an estate plan that minimizes tax liabilities for your heirs. Here …
What Documents Should I have In My Estate Plan?
An estate plan typically includes a variety of legal documents that work together to ensure your assets are distributed according to your wishes, your healthcare preferences are respected, and your …
What Taxes Could Effect My Estate Plan?
Tax laws can significantly impact your estate plan, influencing how much of your estate goes to your beneficiaries versus to the government. Here’s a summary of the key tax laws …
What is a Pour-Over Will?
A pour-over will is a type of will used in conjunction with a revocable living trust to ensure that any assets not explicitly transferred into the trust during the grantor’s …
What is a Life Estate Deed?
A life estate deed is a legal document used in real estate to transfer ownership of property in a way that divides the ownership into two distinct phases: the life …
What is a QTIP Trust?
A QTIP Trust (Qualified Terminable Interest Property Trust) is a type of irrevocable trust that allows a grantor (the person establishing the trust) to provide for their surviving spouse while …
Can I Make Changes to My Will or Trust After It’s Created?
Yes, you can make changes to your will or trust after it has been created, but the process for doing so depends on the type of document and the specific …
What is an A/B Trust?
An A/B Trust is an estate planning tool that is designed to help married couples reduce or eliminate estate taxes while ensuring the financial security of the surviving spouse and …