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. Avoiding court can decrease the distribution time from years to weeks. Another benefit to a living trust is the privacy that comes with the trust. Unlike a will that becomes a public record after death, a living trust is not public and the estate can be distributed in private.

Deciding whether to create a living trust versus a will can be a tough decision. The best way to make the decision is to contact an experienced attorney and discuss your goals and concerns.

For a free, confidential conversation to discuss estate planning, including creating a living trust, contact Maryland estate 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 your residence. Mr. Reichert personally serves estate planning clients throughout the entire state of Maryland.

Stephen looks forward to assisting you with your Maryland estate planning needs.

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