You're ready to face the task of documenting how you will pass along your assets to your family and friends. But you're stuck: Should you use a trust or a will? Here are four considerations. Trusts avoid probate; wills don't. Probate is the legal process estates generally have to go through. It typically involves lawyers, paperwork and fees. A trust avoids probate because assets are owned … [Read more...] about Trusts: Why a Will May Not Be Enough
"Why Do Heirs Prefer Trusts?" by Attorney Victor A. Lembo (Audio) Many individuals desire to have an efficient administration of their possessions and assets when they pass away. We all know there may be complexities in handling an estate after death, but most families want privacy and peace. Creating a trust will help provide your heirs or beneficiaries their inheritance in an effective … [Read more...] about Why Do Heirs Prefer Trusts?
"What is a Pour-Over Will and Why Should I Have One?" by Attorney Victor A. Lembo (Audio) When you sit down with an attorney to discuss your estate, it is likely different options were presented, including wills and trusts. As revocable trusts are a popular vehicle to avoid probate, minimize taxes, and control assets for your family, an important document to be drafted with it is referred to as … [Read more...] about What is a Pour-Over Will and Why Should I Have One?
Top Ways to Avoid Probate by Attorney Jon J. Gasior (Audio) A comprehensive estate plan should accomplish much more than just creating a road map for the distribution of your estate assets after you have passed away. In fact, a well thought out estate plan often includes numerous inter-related goals and objectives. Among the most common of those additional goals is probate avoidance. If … [Read more...] about Top Ways to Avoid Probate
"Does a Living Trust Allow You to Avoid Estate Tax?" by Attorney Alexander M. Pagnotta One common question that arises when people are creating a living trust is whether or not this type of trust can provide protection from estate tax. It's important to realize that while a living trust does allow you to transfer assets outside of the probate process, this does not mean that putting wealth … [Read more...] about Does a Living Trust Allow You To Avoid Estate Tax?
"Why Your Heirs Would Prefer Trusts" by Attorney Alexander M. Pagnotta Estate and trust attorneys can provide you with assistance creating a trust so you are able to provide your heirs or beneficiaries with an inheritance is the simplest and most effective way possible. Trusts provide important protection for you and your loved ones during the course of your lifetime and after your death, but … [Read more...] about Why Your Heirs Would Prefer Trusts
"Five Reasons to Create a Living Trust Today" by Attorney Jon J. Gasior (Audio) A living trust attorney can help you to determine if you should create a trust. Living trusts are versatile and valuable legal tools that are often part of estate plans and incapacity plans. They can be used to protect your wealth and to protect your loved ones, although there are some limitations associated with … [Read more...] about Five Reasons to Create a Living Trust Today
"What Should You Expect as a Trust Beneficiary" by Attorney Colleen Sinclair Prosser Annapolis trust attorneys provide representation to trust creators, or trust settlors as they are also called. Our legal team helps those who are interested in creating a trust to decide on the right trust type, to follow legal formalities for trust creation, and to create a legally valid trust document. … [Read more...] about What Should You Expect as a Trust Beneficiary?
"Should I Tell My Kids that I am Leaving Their Inheritance in a Trust?" by Attorney Colleen Sinclair Prosser (Audio) Annapolis trust attorneys help you if you are creating a trust for your children. Many parents will create a trust in order to provide for children who are not 18 at the time that they will inherit. If you pass away before your kids become adults, making a trust is important if … [Read more...] about Should You Tell Your Kids if You’re Leaving them Money in a Trust?
"Mistakes Trust Attorneys Help Your Avoid" by Attorney Nicole Livingston An Annapolis trusts lawyer provides you with help in making sure you choose the right type of trust and making sure you follow Maryland laws for trust creation. Trusts are powerful legal tools that can do many different things for you, including providing strong protection for assets. You cannot afford to make mistakes when … [Read more...] about 3 Mistakes Trust Attorneys Help You Avoid