Maryland Estate Planning: Assets and Property That Avoid Probate by Operation of Law

With or without a Will, certain assets will pass outside the Will and probate by operation of law. Property that passes outside the Will generally avoids probate and can save administrative fees. However, the property value may still be included by the government in calculating your estate value for the purpose of estate tax. For […]

Posted by reichertlegal
Posted in Estate Planning Maryland, Estate Planning Potomac Maryland, Estate Planning Prince George's County Maryland, Probate Law Maryland, Wills & Trusts Maryland
Aug, 07, 2013
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Maryland Estate Planning: Selecting a Trustee

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 […]