When considering how to plan for the distribution of one’s assets and property after death, there are two primary options in Maryland: a last will and testament and a living trust. Each method has distinct characteristics and implications that individuals should be aware of when making their estate planning decisions. Last Will and Testament: A […]
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A Trustee is a person who acts as a custodian for the assets held within a Trust. He or she is responsible for managing and administering the finances of a Trust per the instructions given. Often, the person who creates the Trust is the Trustee until they can no longer fill the role due to
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Marital disclaimer trusts are estate planning tools that offer valuable flexibility to couples in managing their assets and minimizing estate taxes. These trusts are typically outlined in a will, allowing a surviving spouse to leave assets in a trust for the benefit of the other spouse by disclaiming ownership of a portion of the estate
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