When is a Living Trust appropriate in Maryland
In my prior posts, I have explained that a Living Trust is mostly a lucrative marketing scheme invented by attorneys to pray on the insecurities of senior citizens by scaring them with the words “death, taxes, and probate”. ...If you die without a Will in Maryland, your surviving spouse may NOT inherit your entire estate.
When a person dies in Maryland without a Will, your estate is distributed pursuant to the intestate succession statute. If you are married, your spouse will NOT receive 100% of your property if you have minor child, an adult child, or if you were married less than...Disadvantages of Living Trusts in Maryland
I have previously discussed that 99% of the population does not need a Living Trust. The reality is that the concept of a Living Trust is mostly a marketing scheme by lawyers who attempt to scare seniors with three words: death, taxes, and probate. Moreover, Living...Adding a family member to your Maryland bank account via a Special Power of Attorney
One way that families engage in informal estate planning is by making a child a co-owner of a bank account. As a co-owner of the bank account, the child can write checks on behalf of his or her parent(s). However, there are many reasons why it is not a good idea to...The Hidden Costs of Living Trusts in Maryland
Attorneys in Maryland charge from $2,500 to $5,000 to draft Living Trusts for spouses. If you want to make a simple change to your Living Trust, the law firm may charge you another $1,500. This is a verbatim explanation of why a Montgomery County lawyer charged...Complimentary Case Consultation
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