Can Trusts Help Create Wealth? – Annapolis and Towson Estate Planning
One type of trust, the qualified perpetual trust, can be used to pass assets down to your beneficiaries, decade after decade.
One type of trust, the qualified perpetual trust, can be used to pass assets down to your beneficiaries, decade after decade.
Q: Is there a difference between a ‘living will’ and a ‘do not resuscitate’ order?
In general, estate planning is a practice that requires forward thinking. However, sometimes estate planning must occur in the midst of a crisis.
We all want to protect vulnerable people from harm. However, taking away all their rights usually isn’t the place to start. Instead, there are several less severe options that could be the right way to go.
Pandemics, inflation, rising interest rates, war in the Ukraine—uncertain times indeed! And yet, in the world of estate planning, almost every change in the zeitgeist offers its own suite of planning opportunities and applicable techniques.
Investors use irrevocable trusts to protect their assets from creditors, lawsuits and estate taxes. However, when you sell a home in an irrevocable trust, that can complicate your tax situation.
Here are four types of estate situations that could call for professional legal help.
Guardianships – also referred to as conservatorships – are drastic and invasive.
If you’re married, you may be wondering what happens to your assets once you or your spouse passes. The answer to that question depends on various factors, including whether or not you have a marital trust.
The IRS is weighing a change that could leave your heirs poorer than you might hope.