The Difference between Revocable and Irrevocable Trust – Annapolis and Towson Estate Planning
A trust is an estate planning tool that you may consider using if you want to go beyond drafting a last will and testament.
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.
How to Plan in a Time of Uncertainty – Annapolis and Towson Estate Planning
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.
How are Capital Gains in Irrevocable Trust Taxed? – Annapolis and Towson Estate Planning
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.
Addressing Vacation Home in Another State in Estate Planning – Annapolis and Towson Estate Planning
So why should you consider a more comprehensive plan than just leaving an out-of-state vacation home in your will?
What Is Better, a Trust or a Will? – Annapolis and Towson Estate Planning
Preparing an estate plan for managing and distributing your assets in the case of death is one of the most important steps you could take to protect and provide for loved ones.
What are Benefits of Putting Money into a Trust? – Annapolis and Towson Estate Planning
Grantor retained annuity trusts, intentionally defective grantor trusts, spousal lifetime access trusts, oh my! If you overhear two estate planning attorneys at a coffee shop, it would not be unreasonable to think that all clients have estate plans filled with trusts.
Do Single People Need Estate Planning? – Annapolis and Towson Estate Planning
If you don’t have a spouse or children, you might think you don’t need to do much estate planning. However, if you have any assets, familial connections, or interest in supporting charitable groups – not to mention a desire to control your own future – you do need to establish an estate plan.
Must I Sell Parent’s Home if They Move to a Nursing Facility? – Annapolis and Towson Estate Planning
Reaching the point where you need to consider residential options for your mother can be overwhelming. Not only is it emotionally fraught, there are also financial and legal considerations.
Do You Need a Revocable or an Irrevocable Trust? – Annapolis and Towson Estate Planning
There are two main kinds of trusts: revocable and irrevocable.