Selecting and establishing trusts is a job for a knowledgeable attorney who understands the complex rules and tax laws of each type of trust. Utilizing the appropriate trust can minimize or avoid estate and other taxes.
Revocable living or inter vivos trusts can keep assets out of the probate process. With the help of the Annapolis revocable living trust lawyers at Bernstein & Feldman, P.A., you can create a revocable living trust that protects assets for you and your family. Speak with us to learn whether this is the right option for you.
Avoid Probate And Retain The Right To Change The Trust
A revocable living trust goes into effect during the grantor's life and may be revoked at any time. The grantor can also amend the terms of the trust if he or she wishes. The most common type of revocable living trust is designed to avoid probate. This can be a more efficient asset distribution option than putting assets in a will.
When properly drafted, a revocable living trust can help the estate bypass probate, which saves time, money and stress for all parties. In addition to these benefits, the distribution of assets in revocable living trusts is a more private process than the administration of a will.
You can create revocable living trusts for beneficiaries or for the management of your assets should you be incapacitated by injury or illness. By creating a revocable living trust now, you will be prepared for the possibility that you will not be able to make these decisions in the future.
Contact Our Baltimore Estate Planning Lawyers
To schedule an appointment with an attorney, please call us in Maryland at 410-216-4006 or contact us online.