The Law Offices of Scott Alan Morrison, P.A.
Frederick
Location
301-694-6262
Hagerstown
Location
301-293-0010

Posts tagged "trust"

A Maryland resident may benefit from help when creating a trust

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 estates into trusts for legal or tax reasons. By utilizing a trust, a person's included assets will be held separately from the rest of the estate.

A Maryland special needs trust can help to ease worries

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 disabled children. A special needs trust is a good way for Maryland parents to protect their special needs children after they are gone.

Revocable living trust is good option after recent changes to law

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. Recent changes in the law have made the revocable living trust a more popular estate planning tool than before.

Irrevocable trust can help a person keep control in Maryland

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 assets or finances if an irrevocable trust is utilized.

U.S. Tax Court rules against IRS in trust case

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 straightforward. This was the case in a recent court dispute involving the Internal Revenue Service (IRS) over the real estate activities of a particular trust.

Incomplete non-grantor trust can help avoid gift tax in Maryland

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 planning strategies is minimizing tax liability by using a trust. Many are looking toward incomplete non-grantor trusts in order to avoid the gift tax.

Jurisdiction can become issue in litigation involving a trust

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 court.

Having an overall trust strategy is important in Maryland

It is a good idea to have a clear overall strategy when making estate planning decisions. This strategy should play a role when making decisions regarding forming a trust in Maryland or elsewhere. This strategy should consider the questions of who, what and why.

Clintons utilize trust planning strategy to avoid estate taxes

Everybody in society needs to pay their fair share; however, nobody wants to pay more taxes than they need to. Bill and Hillary Clinton seem to have taken this approach in their political positions and their personal estate administration plans. As many in Maryland may remember, the Clintons have been strong supporters of legislation to raise the estate tax. On the other hand, the Clintons’ estate planning strategies show they are doing whatever they can to avoid having to pay estate taxes themselves through the use of trust planning.

  • Best Of The Best The Frederick News Post
  • Bar Association Of Frederick County, Maryland
  • NAELA National Academy Of Elder Law Attorneys, Inc.
  • Maryland State Bar Association Inc.
  • Washington County Bar Association , DC Bar
Form Submit Button

Schedule Your Free Consultation Today

For more information and a free consultation with a Maryland estate planning attorney, call us at 301-694-6262 or fill out the form below. We provide clients with the estate services they need.

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

We have offices in Frederick and Hagerstown, Maryland, to serve you.

Evening, weekend and off-site appointments are available upon request. Free parking is available at our Frederick office.

Our office will follow the same closing & delays as Frederick County Public Schools for both offices due to inclement weather.

Frederick Office
141 W Patrick Street
Suite 300
Frederick, MD 21701

Phone: 301-694-6262
Fax: 301-668-8884
Map & Directions
Frederick Law Office Map

Hagerstown Office
Carson Wealth
19833 Leitersburg Pike
Suite 1
Hagerstown, MD 21742

Toll Free: 866-220-5185
Phone: 301-293-0010
Map & Directions
Hagerstown Law Office Map

Contact This Office Contact This Office