Wills and Trusts: the Foundation of Every Estate Plan
When most people think of planning their estates, they think of drafting a will. A will outlines who will receive your property after you pass away, facilitating a smoother transfer of assets. Trusts are another vital component of an estate plan, allowing you to set money aside for a specified purpose after your passing. Having an estate lawyer by your side ensures that these documents are filled out correctly, to minimize the chance for conflict down the road.
At the Law Offices of Naiman & Naiman, P.A., we can help you sort through these documents, ensuring that they are completed fully and accurately. We will leave no stone unturned when securing your estate. And when a simple will isn’t enough, we can help you understand the options available to you to build the best estate plan for your needs. Let us worry about the details, so you can focus on you and your family’s well-being.
Finding the Right Trust for You
When building an estate plan in Maryland, several trust options are available. One of the most common is a special needs trust, which is meant to set aside money for a child, spouse or other family member who needs special care. You can also establish trusts to control how life insurance money is spent, as well as trusts for allocating money to charitable organizations.
If you are setting up a trust or are named as a trustee, you should consult with legal counsel to help you through the process. Every trust has its own rules and tax implications. As a CPA and trust attorney, Eleanor Naiman is able to provide detailed solutions for the preparation and execution of these trusts.
Schedule a confidential consultation to discuss the options available to you and begin drafting your estate plan. Call 410-504-1113 to get started, or send us your information and we will reach out to you.