The scheduled estate tax reversion back to the $1 million exemption has caused many Maryland residents to consider their estate planning options sooner rather than later. Among those working to plan their estates before the end of the year have been landowners across...
Trusts
Maryland residents, be sure to fund your trust!
On Behalf of The Law Office of Morrison & McGrew, P.A. | Nov 19, 2012 | Trusts
When estate planning, it is important that Maryland residents understand all the necessary steps to ensuring the security of their assets. A prime example is that of trusts. When a trust is established, there are additional steps that must be taken to ensure that it...
Maryland trust options for dual ownership of property in 2 states
On Behalf of The Law Office of Morrison & McGrew, P.A. | Nov 9, 2012 | Trusts
When Maryland residents choose to divide their time residing in our state and another, they must consider the implications for taxes, insurance and even estate planning. Owning real property in more than one state is something to carefully consider during estate...
Trust and trustee: What Maryland residents need to consider
On Behalf of The Law Office of Morrison & McGrew, P.A. | Sep 26, 2012 | Trusts
On April 13, in a post titled, "Creating a trust and selecting a trustee," we gave a brief summary of some ways that a trust and well-appointed trustee can help in estate planning and administration. Now, more specifically, some sources recommend considering some key...
Parents of special needs kids may need special needs trust
On Behalf of The Law Office of Morrison & McGrew, P.A. | Sep 14, 2012 | Trusts
Maryland parents who have special needs children may have additional things to consider when they begin the estate planning process. Because special needs children often require specialized treatment and care, parents may find that they need to plan for these areas...
Why having a trust and updating it can benefit Maryland residents
On Behalf of The Law Office of Morrison & McGrew, P.A. | Aug 22, 2012 | Trusts
Estate planning has become an increasing topic of conversation in the media. High-profile celebrity disputes illustrate how badly a family's situation can turn volatile when the probate process goes wrong. No one wants to leave their estate in disrepair and their...
Maryland residents can benefit from a revocable living trust
On Behalf of The Law Office of Morrison & McGrew, P.A. | Jul 27, 2012 | Trusts
Some people consider death as something to avoid thinking about, if at all possible. Others think about estate planning ahead of time, but don't think much beyond drawing up a will. Unfortunately, wills are basically lists of instructions on paper that mean little...
Creating a trust and selecting a trustee
On Behalf of The Law Office of Morrison & McGrew, P.A. | Apr 13, 2012 | Trusts
One important aspect of estate planning is deciding whether or not to establish a trust. A trust can help not only with managing the assets of the estate, but can also reduce the impact of estate taxes and save beneficiaries from having to endure the probate process....
Nation’s oldest trust facing accusations of mismanagement
On Behalf of The Law Office of Morrison & McGrew, P.A. | Mar 10, 2012 | Trusts
For most Maryland residents, estate planning mostly involves the immediate and near future. That is, they put in place plans that will help them to minimize the impact of taxation while maximizing the size of the estate for heirs and beneficiaries. However, through a...
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