What is an Irrevocable Trust?

If you’re looking for ways to maximize your beneficiary inheritance after your death, you should consider creating an irrevocable trust. Although a last will and testament can allow you to distribute your assets to heirs, a trust can help you avoid the probate...

How Can I Minimize Estate Taxes in Maryland?

In Maryland, the passing of a resident may result in the estate being subject to both federal and state taxes. In addition to estate taxes, the state also imposes an inheritance tax. However, with careful planning and the legal assistance of a knowledgeable Montgomery...

What Are My Responsibilities as a Trustee?

When someone appoints a trustee, this is indicative that they place a tremendous amount of confidence in their ability and integrity. However, trustees are sometimes unsuitable for this position or don’t fully understand their responsibilities. When an...

Are Inherited IRAs Protected from Creditors?

Like most people, you may intend to make the beneficiary of your IRA your spouse or children. However, you may want to change that in response to the Supreme Court ruling that the same credit protection in bankruptcy does not insulate inherited IRAs as traditional or...