A trust is an estate planning tool that allows you to designate beneficiaries to your estate’s assets as well as keep your estate out of probate. Beneficiaries are protected by having your assets pass outside of probate to your loved ones. A “living trust” or “inter vivos trust” is one that someone creates while he or she is still alive. This is distinguished from a trust that is made in accordance with your will after you die. A revocable living trust allows you to be the trustee during your lifetime and also allows you to cancel the trust prior to your death, should you desire to cancel the trust.
A living trust can also help to pass assets outside of probate. For example, often clients wishing to disinherit one child may use a living trust to pass assets such as houses and cars to the beneficiaries. Other clients are seeking privacy concerns.
There are many different types of trusts and we can assist in finding the right trust for your estate goals. We also help to make sure you understand the steps in changing title of your assets to the living trust so that the trust is funded and used. We unfortunately have witnessed many clients that have gone to firms, spending a lot of money on a living trust, and then never fund it because they thought their lawyer took care of it.
Timothy J. Mummert, P.A.
Knowledgeable Living Trusts Attorney
We serve clients from Glen Burnie, Columbia, Howard & Anne Arundel County and throughout the state of Maryland.
Protect Your Assets While You Still Can
Protect your assets and the future of your loved ones today rather than leaving it up to the state in a probate action. You should be the only one to control your own estate. At Timothy J. Mummert, P.A., we help people with all of the critical documents and preparations of trusts and other estate planning tools. Talk to our Glen Burnie living trust lawyer today in a private and confidential consultation. To schedule yours contact us online or call 410-609-6715.
Types of Living Trusts
Our firm offers a variety of trusts, including:
- Irrevocable trusts
- Revocable trusts
- Bypass or credit shelter trusts
- Special needs trusts
- Life insurance trusts
- Dynasty trusts
- Qualified domestic trusts
- Charitable trusts
Contact Our Law Firm Today
If you need assistance with a living trust or any of our other estate planning and administration services, we can help you with all of the legal details. Contact us today online or by telephone at410-609-6715 to speak with an experienced Baltimore, Maryland attorney. For your convenience, we accept MasterCard, Visa and Discover credit cards.