The use of revocable living trusts is becoming increasingly common. Compared to a stand-alone Last Will & Testament, a properly prepared and funded living trust provides many benefits. If done correctly, a trust can help…

As you research your estate planning options in Maryland, you’ve probably heard that setting up a trust allows you to keep your estate out of probate. But is a trust the smart way to avoid…

To avoid Medicaid claims or probate, you may consider gifting your home to an adult child or adding your child to your home’s deed. However, both options could lead to major legal and tax problems.…

You may look forward to taking a long-awaited break when you retire, but have you got your finances in order? Individual retirement accounts (IRAs) are one of the many financial tools you can use to…

If you move to a new state, will your living trust remain valid if you already set up a trust in your old state? Do living trusts work the same way in your new state?…

Reverse mortgages are a double-edged sword. On the one hand, they can provide a steady income in your retirement. But on the other hand, a reverse mortgage loan is just that — a loan —…

Estate planning is a legal process in which you arrange the transfer of your assets after you pass away. If you run a small business, creating an in-depth estate plan that reflects your wishes is…

When someone passes away without a will or trust, many of their assets will go through probate before the state distributes the remainder to that person’s heirs. In rare cases when the state of Maryland…