What is a Domestic Asset Protection Trust in Maryland? In Maryland, a domestic asset protection trust is a way to protect your asset from lawsuits. For years, domestic asset protection trusts were used almost exclusively by the wealthy to protect their assets from creditors. Today, a Maryland domestic asset protection trust are used by many people…
According to the American Society for the Prevention of Cruelty to Animals, over 62 percent of households in the United States have at least one pet. As the number of pet owners in Maryland increases, Maryland has made advancements to ensure the safety and care for its pet residents. In Maryland, although pets are not…
With the New Year almost upon us, many people are making resolutions to eat healthier, quit smoking, or even to stop procrastinating. In addition to conquering these ambitious goals this coming new year, parents should consider safeguarding your children’s future by updating your estate plan. Resolving to address your children’s estate planning needs this holiday…
A living trust, or inter vivos trust, is a legal instrument that contains instructions for what you want to happen to your assets when you die. Including a living trust in your overall Maryland estate plan has several major benefits, including the ability for your spouse or living heirs to avoid having to probate your assets with…