People in Maryland may naturally prefer to avoid estate planning, considering it to be a morbid topic. However, creating an estate plan is essential for making sure that one's assets are distributed appropriately upon one's death. A trust is a particularly popular...
Trusts
A trust is a great way to provide for loved ones
On Behalf of The Law Office of Morrison & McGrew, P.A. | Jul 20, 2015 | Trusts
Maryland residents may know that deciding on how to distribute money from a trust seems like the most important consideration when putting a trust together. However, it is just as important to appoint trustees who will follow through with the grantor's wishes. After...
Maryland life insurance trust can help after sudden death
On Behalf of The Law Office of Morrison & McGrew, P.A. | Jul 8, 2015 | Trusts
Life insurance can be a necessity for families who do not have enough financial assets to close their estate obligations after death. It is also helpful in providing assets to care for family members who are left behind, and a life insurance trust can guarantee that...
A Maryland resident may benefit from help when creating a trust
On Behalf of The Law Office of Morrison & McGrew, P.A. | Mar 23, 2015 | Trusts
Estate planning comes in many forms, so it is imperative for those who are creating estate plans to understand the different types of directives. One type of directive that should be understood is the trust. In Maryland, individuals can choose to put parts of their...
A Maryland special needs trust can help to ease worries
On Behalf of The Law Office of Morrison & McGrew, P.A. | Feb 24, 2015 | Trusts
A parent's concern for his or her child's future is somewhat different when that child is disabled in some way. These parents have to not only consider how to best leave their children their inheritances but also how the inheritances will be handled on behalf of their...
Revocable living trust is good option after recent changes to law
On Behalf of The Law Office of Morrison & McGrew, P.A. | Nov 23, 2014 | Trusts
There are many legal documents available to include in an estate plan. However, those that are appropriate will depend on a person's specific circumstances, in Maryland or in any other state. They should also reflect any recent changes to estate planning laws....
Irrevocable trust can help a person keep control in Maryland
On Behalf of The Law Office of Morrison & McGrew, P.A. | Nov 17, 2014 | Trusts
Many times in life one has to accept that there are things he or she cannot control. This is why many people in Maryland shy away from pursing estate plans. However, unlike what some may believe, planning an estate does not have to be about losing control of one's...
U.S. Tax Court rules against IRS in trust case
On Behalf of The Law Office of Morrison & McGrew, P.A. | Aug 29, 2014 | Trusts
Tax considerations are an important aspect of estate planning. This is why many people in Maryland and other states utilize trust planning strategies in order to minimize tax liabilities. However, there are times when the tax laws regulating trusts may not be exactly...
Incomplete non-grantor trust can help avoid gift tax in Maryland
On Behalf of The Law Office of Morrison & McGrew, P.A. | Aug 7, 2014 | Trusts
There are many different legal instruments available for planning an estate. These estate planning tools have various benefits and purposes during the estate administration process in Maryland or in any other state. One of the most common goals people have in estate...
Jurisdiction can become issue in litigation involving a trust
On Behalf of The Law Office of Morrison & McGrew, P.A. | Jul 28, 2014 | Trusts
Jurisdiction is an important concept when it comes to litigation. This is definitely true for estate administration matters that are taken to court in Maryland or in any other state. The question of jurisdiction can be important when a party decides to sue a trust in...
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