A revocable trust is a legal document, often considered a substitute for a Last Will and Testament. In other words, you write a revocable trust instead of a formal Last Will and Testament. The trust is similar to a contract. There are three parties to a trust. (1) The Grantor is the person who establishes …
Often when I talk to potential clients, they tell me that they do not have an estate because it sounds as if only people who are wealthy have an estate. However, that is not true. The definition of estate is all the money and property owned by a person, especially at death. …
By: Nicole T. Livingston – Associate Attorney In 2016, the Maryland Fiduciary Access to Digital Assets Act became law. This law allows your agent named in your power of attorney, a trustee named in your revocable living trust, or a personal representative named in your Last Will and Testament to obtain access to your digital …
Digital Assets – An Essential Component to Estate Planning Read More »
