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Does a Trustee or Executor Need Beneficiary Approval to Sell Property?

By |2020-11-02T00:45:37+00:00September 15th, 2020|Estate Plannning, Executor, Trustee|

  If you have a loved one who is currently serving as the executor of a parent's estate and both of those parents have now passed away and a trust is established, you may have questions about the powers of the trustee when it comes to selling property. If a person is serving as both

Should You Make a Gift or Use an Irrevocable Trust?

By |2020-09-08T16:59:30+00:00September 8th, 2020|Elder Law, Estate Plannning, Irrevocable Trust|

One of the most common reasons to engage in estate and elder law planning is to preserve your assets while still qualifying for long term care benefits provided by Medicaid. Many individuals who are getting close to retirement age look for options, such as passing on properties or assets to another family member. There is

What Role Does an Executor Play in Maryland Probate Proceedings?

By |2020-08-24T12:56:09+00:00August 13th, 2020|Estate Plannning, Executor, Probate|

In Maryland, as in many other states, probate refers to the legal proceedings that are initiated to administer a deceased individual's estate. You could have been named as executor or personal representative of the estate through the decedent's last will and testament. In the event that the deceased party passed away without this important document,

What Happens When a Will and a Revocable Trust Conflict?

By |2020-07-06T12:37:06+00:00July 30th, 2020|Estate Plannning, Revocable Living Trust, Revocable Trust|

Having all of your estate planning documents on the same page is one important step towards ensuring a smooth transfer of your assets during your life if needed and after you pass away. A trust and a will are distinct legal documents that might share a common goal of accomplishing your comprehensive estate plan. A

What Happens If There Is a Conflict Over My Trust?

By |2020-07-06T12:35:33+00:00July 16th, 2020|Estate Plannning, Trusts|

When you plan to create a trust in Maryland, your main concerns are that the trust serves a bigger estate planning purpose and that it protects your loved ones from unnecessary conflict or issues. The creation of a trust means that you have taken an important step in protecting your assets and ensuring the smooth

How Can You Protect Assets Inside A Trust from A Spendthrift?

By |2020-06-16T17:46:26+00:00June 16th, 2020|Assets, Trusts|

Do you have an adult child you’d like to transfer assets to, but you’re concerned about their ability to handle it properly? You’re not alone. This problem is often referred to as “the spendthrift issue” and thankfully, there are estate planning tools available to help you protect a loved one from themselves. Unfortunately, your best