Adept Legal Guidance for Wills and Revocable Trusts
Estate Planning Attorneys in Annapolis, Maryland
Wills and trusts are important documents that help one person transfer wealth and assets to another. The key difference between the two is that wills are subject to probate, while trusts are not. At the Law Offices of Merrill, Cruttenden & Collinson, P.A., we have a comprehensive understanding of estate law in regard to wills and trusts. We will put our skill and experience to work for you, to help you ensure that your loved ones are taken care of far into the future.
What Does a Will Accomplish?
A will is a document that gives instructions as to how you want your wealth and assets distributed after you die. A well drafted will is specific and covers all of the details, so that your wishes are crystal clear and your loved ones are not left with questions and complications when it comes time to divide your estate.
Without a will, your estate will be divided according to state laws and subject to the decisions of the court. With a well crafted will, you will make those decisions, not the State. A well drafted Will ensures that your estate will be distributed to the individuals and charitable organizations of your choice in the amounts and in the manner you decide. Our attorneys are adept at creating well crafted wills so that our clients' wishes are not left to chance.
What is a Revocable Trust?
Revocable trusts, as the name suggests, are not set in stone. They are a valuable means for one person to give assets and wealth to another person while avoiding costly and time-consuming probate. Since they are revocable, they can be amended at any time and give the trustor privacy, fluidity and flexibility in the handing over of wealth and assets. Revocable Trusts are helpful in the event of your disability because you name the Trustee who manages the trust assets when you are no longer able to do so. We can help you establish a revocable trust so that you can give, retain control and help reduce probate costs.
Contact Merrill, Cruttenden & Collinson Today
If you need help with estate tax, gift tax or guardianship issues, we can answer your questions and help you seek results. Please contact us online or by phone at 410.268.0006 to speak with an experienced Maryland lawyer. We offer our estate planning and business law clients free initial consultations.
