To Trust or Not to Trust?Published On: Monday, July 17, 2017
The key to determine what the best estate planning option is for you, is for you to decide. However, you may want some advice, according to Madison.com in "Is a Living Trust Right for You and Your Family?."
Trusts do have many benefits over wills.
Trusts do not have to go through probate and, therefore, are not subject to the commonly cited costs and delays associated with probate.
Trust provisions do not have to be made public, as most wills do. Trusts are also a great way to control what your heirs might do with their inheritances, but “testamentary trusts” under wills do so as well.
An estate planning attorney is the person most qualified to advise you on the use of a trust in your estate plan. Call (443) 470-3599 today and schedule a consultation with Maryland Attorney Britt L. Stouffer to learn more about Estate or Elder Law and how she can help you.
Reference: Madison.com (June 27, 2017) "Is a Living Trust Right for You and Your Family?."
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