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Maryland Estate Planning: Is a Living Trust a Good Idea?

A living trust is a written legal document that places assets in a trust which can still be used by the principle. Once the principle dies, the trust can be transferred to the designated beneficiaries. There are many benefits to creating a living trust. One reason to create a living trust is to avoid probate. […]

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Maryland Trust for Individual With Special Needs

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Parents of a child with special needs have unique concerns when planning for their child’s welfare after the parents have passed away. Important practical and legal decisions need to be made to determine how and in what manner the needs of the child will be met. Careful consideration—including benefit implications—needs to be given when considering […]

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Maryland Wills & Estate Planning: Disposing of Property Restrictions

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Are there any restrictions in the state of Maryland on the manner in which a will may dispose of property and can a wife or child be disinherited? A surviving spouse has certain rights that could alter the way in which you intended to dispose of your assets. Maryland laws prevent a spouse from being […]

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Baltimore, Maryland Estate Planning Lawyer: How Can a Revocable Living Trust be Terminated?

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With a true Maryland revocable living Trust, the Trust can be dissolved. You should have an attorney review the provisions in the Trust so that termination is done correctly. The Trust will provide the basis and steps for termination but where the Trust is silent Maryland law will apply. This should not be an expensive […]

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Maryland Estate Planning Attorney: How Does a Trustee Resign?

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Typically a notarized letter of resignation signed by the current Trustee is sufficient. The Trust itself may also have a clause describing how a Trustee must resign. Once resigned the Trustee has resigned any successor Trustee would become the new Trustee unless the Trust specifies another method of appointing the new Trustee. For a free, […]

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Maryland Estate Planning Attorney: What if a Trust Does Not Indicate Whether it is Revocable or Irrevocable?

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Under Maryland law, when a Trust is silent as to whether it can be revoked that Trust is usually found to be revocable. For a free, confidential conversation to discuss this and other estate planning matters, or to create your own estate plan, Trust and Will, contact Maryland estate planning attorney Stephen J. Reichert at […]

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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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Columbia, Maryland Estate Planning: Where to File a Will in Columbia, Md. & Howard County

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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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