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Baltimore Estate Planning Lawyers: Helping Young Parents Begin an Estate Plan

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Here’s an informative article on beginning an estate plan. For a free, confidential conversation to discuss this and other estate planning matters, or to create your own estate plan, contact Maryland estate planning attorney Stephen J. Reichert at 410-299-4959, sreichert@reichertlegal.com or by clicking here. Day, evening and weekend appointments are available in office or at […]

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Baltimore Estate Planning Lawyer: Who is Allowed to Serve as Trustee in Maryland?

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Maryland law defines who is allowed to serve and this includes the following group: an individual, a trust company, an organization exempt from taxation under § 501(c) of the Internal Revenue Code, a bank or savings bank. Each of these comes with certain limitations and guidelines for serving as Trustee in the State of Maryland […]

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Maryland Revocable Trust Attorney: Revocable Living Trust (aka “Revocable Trust” or “Living Trust”) and Probate

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Do assets in a Maryland Revocable Trust pass through probate? No. When your Revocable Trust (also known as a “Living Trust”) is created your lawyer should assist you in transferring your property into the Revocable Living Trust. Title to the property is transferred by the settlor (the person who created the Revocable Living Trust) to […]

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Baltimore, Maryland Estate Planning Lawyer: Where to File a Will in Baltimore, Md.

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You Live in Maryland and Have a Will? Good news. Maryland, unlike many states, allows Wills to be filed with the county in which you live. As an estate planning attorney, I have encountered clients in Maryland who have failed (or their attorney failed) to file their Will with the county. This is a critical […]

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Maryland Estate Planning Lawyer: Dying With Debt; What Happens to Debt When You Die?

Clients often want to know what will happen to their debt when they die. Will their loved ones still receive assets? Will their loved ones have to pay-off their debt? The answers to these questions depend first on whether the decedent’s estate is solvent or insolvent. A solvent estate is one where the assets of […]

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Towson, Maryland Estate Planning Attorney: Where to File a Will in Towson, Md. & Baltimore County

You Live in Baltimore County, Maryland and Have a Will? Good news. Maryland, unlike many states, allows Wills to be filed with the county in which you live. As an estate planning attorney, I have encountered clients in Maryland who have failed (or their attorney failed) to file their Will with the county. This is […]

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Maryland Trust Attorney: Pot Trusts and Separate Trusts for Children

When creating an estate plan, parents with minor children need to give special consideration to the ways in which they can provide for their children. Testamentary Trust For many parents, creating a Testamentary Trust will achieve their objectives of ensuring their assets are passed along to their children in an efficient and responsible manner. Without […]

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Baltimore Estate Planning Attorney: Can a Spouse be Disinherited in Maryland?

“Can my spouse disinherit me?” “Can I disinherit my spouse?” Maryland Law & Spousal Election Under Maryland law, an individual may not disinherit their spouse. A spouse has a legal right to elect a share of a deceased spouse’s estate whether the surviving spouse was included in the Will or not. Maryland statute provides that […]

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Maryland Estate Planning: Benefits of Having a Durable Power of Attorney for Finances (Financial Power of Attorney, Power of Attorney, Durable Power of Attorney, Maryland Power of Attorney)

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Having a Durable Power of Attorney for Finances (DPAF), also called a Financial Power of Attorney, Durable Power of Attorney or simply a Power of Attorney—allows an individual to act on your behalf in the event you become incapacitated. Having a DPAF is an important document if you own property or have income, investments, or […]

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Maryland Estate Planning: Selecting a Trustee

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Let’s start with the kinds of Trusts available to you. There are two general categories: • Testamentary Trusts, which are created under a Will • Non-Testamentary Trusts—Revocable (inter vivos) and Irrevocable Trusts—which are created outside of a Will The Testamentary Trust In the Testamentary Trust category, the Trustee you select begins to serve either during […]

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