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

What Are Maryland Trustees Governed By?

By |2020-01-14T16:17:52+00:00January 14th, 2020|Estate Plannning, Trustee|

Trustees in Maryland have specific responsibilities and duties when it comes to the administration of a trust. The Maryland Trust Act became effective in 2015. This law contains important provisions in relation to the rights of creditors to attach trust property, determining validity of a trust, the role of a trustee, and the trustee’s responsibility

What is a Maryland Trustee Really Expected to Do?

By |2019-12-02T14:15:07+00:00July 3rd, 2019|Estate Plannning, Trustee|

Putting together a trust is a smart move from an estate planning perspective. But before you schedule a meeting with your Maryland trusts and estate lawyer, consider how the role of trustee affects the management of your assets. A trustee plays a key role in handling your trust distributions and possibly even working with beneficiaries.

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

By |2020-06-02T21:30:30+00:00March 12th, 2019|Estate Plannning, Trustee|

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 must review all of the deceased's important papers. Sometimes key details, such as funeral