Three Ways to Making Trusts Millennial Friendly – Annapolis and Towson Estate Planning
If your estate plan benefits Gen Y (also known as Millennials) it’s important to design a trust that supports what makes them thrive.
Can Estate Planning Reduce Taxes? – Annapolis and Towson Estate Planning
Upstream basis planning is a trust strategy that can save wealthy people on their capital gains taxes and income taxes associated with highly appreciated assets.
Do You Need a Revocable or Irrevocable Trust? – Annapolis and Towson Estate Planning
On the surface, the difference between revocable and irrevocable trusts couldn’t be any more straightforward. You can change your revocable trust whenever and however you choose. You can’t change your irrevocable trust at all.
Fixing an Estate Plan Mistake – Annapolis and Towson Estate Planning
Sometimes, despite best intentions and best efforts, an estate plan leaves unintended problems for heirs, trustees and others to solve. For example, a trust may have become outdated because of changes in tax laws, the birth or death of family members, or special circumstances like an heir’s disability.
Is My Irrevocable Trust Revocable? – Annapolis and Towson Estate Planning
Irrevocable trusts appear, by definition, to be unchangeable and inflexible. But are they?