Articles - Chesapeake Wills & Trusts

How to Revoke Your Maryland Trust

If you’ve previously established a trust with the help of a Maryland estate planning lawyer, you might be curious about the process of revoking that trust. Just as the details of creating and funding the trust are very important for this vehicle to be legally valid,...

What is a General Versus a Limited Power of Attorney in Maryland?

Are you thinking about putting together a power of attorney in Maryland? Or have you been advised by someone that this is an important document to help protect your future? A power of attorney within the state of Maryland can be either limited or general in nature and...

What Are the Cornerstones of Asset Protection?

As you go throughout your life and plan ahead for your future years, asset protection becomes important alongside your estate plan. Having built your life or even your business in Maryland, you must think about how your own accumulation of wealth and assets might be...

Reasons to Use A Trust Instead of or in Addition to a Will

Planning ahead for your own mortality can be scary, because not only do you have to think about your own death but also you will need to articulate these thoughts into a legal document. However, estate planning is an important step in being able to protect your...

Can a Trust Really Be Used to Protect Your Spouse?

All families have to deal with the complications of life and unexpected challenges can how much effort you put into your planning. But by working directly with an estate planning lawyer to ensure that your documents are properly drafted, then there is no need for...

Three Reasons 2019 is the Year for You to Put Together a Trust

If you didn't already know that trusts help to provide you with additional privacy in the estate planning process, an estate planning attorney could tell you that these are some of the most valuable strategies available today. Two major reasons for putting together a...

What Are the Duties of a Trustee After the Grantor Passes Away?

Are you curious about a trustee's duties after the trust creator or grantor passes away? There are both practical and legal responsibilities associated with this important role that are triggered immediately after the grantor passes away. First of all, the trustee...

Have You Planned for Incapacitation?

Estate planning means thinking about more than what happens to your property after you pass away. It also includes preparing for incapacity because there are many different issues that need to be addressed if you are unable to make decisions on your own. If you...

Should I Transfer My Assets into A Living Trust on My Own?

The first step to having assets officially owned by a living trust and not by you personally is to set up a living trust. However, don't forget the second and crucial step of funding a living trust, which involves making sure that the assets are transferred into the...