Why Should Every Parent Have a Will?

A will is a fundamental legal document that enables individuals to specify their preferences for their estate and future arrangements after they pass away. Nevertheless, despite the significance of establishing this document, many adults neglect to create one....

How Long Can a Trust Fund be Maintained in Maryland?

If you are considering leaving a trust to a loved one, it’s crucial to understand how the trust works to ensure that they are adequately cared for after you are gone. A trust is a fiduciary arrangement that allows a third party to hold assets on behalf of...

Can I Include My House in a Trust in Maryland?

While estate planning, you may assume you only need to create a will to safeguard your assets. However, trusts are just as important. Understanding what you can place in the trust is vital if you’ve considered creating a trust fund. One common question that may...

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...