Key benefits include privacy, avoidance of probate when possible, and orderly management if you become incapacitated. A revocable trust keeps control with you while you are able to adjust provisions, and enables a trusted successor to administer assets smoothly according to your instructions.
Holistic planning considers asset protection, tax efficiency, and transfer strategies, creating a durable framework that adapts to changes in law and family circumstances.
We bring practical, clear guidance, responsive service, and plain-language explanations to help you make informed decisions that protect your family’s future.
Executing the documents and funding the trust completes the process.
A Revocable Living Trust is a flexible tool you create during life. It holds assets and provides instructions to a trustee, allowing you to adjust or revoke terms as circumstances change. Proper funding and planning help ensure a smooth transition for your loved ones. In many cases, it can reduce probate exposure.
While a revocable living trust can avoid probate for assets placed in the trust, some assets may still require probate if not funded. The plan improves privacy and efficiency, particularly for real estate and financial accounts held in trust agreements.
Funding a living trust involves transferring ownership of assets into the trust. This includes retitling real estate, changing the title of bank and investment accounts, and aligning beneficiary designations with the trust terms. Our team guides you through each step.
If you become incapacitated, your durable powers of attorney and the trust can govern management of assets and healthcare decisions. A well-drafted plan designates who steps in and how decisions are made, helping avoid court intervention.
Yes. A revocable living trust is designed to be modified or revoked. You can update beneficiaries, change trustees, or terminate the trust as your life changes. Regular reviews keep the plan aligned with current needs and laws.
Estate planning timelines vary with complexity. A straightforward revocable living trust can often be completed in a few weeks, assuming timely document signing and funding. More comprehensive plans may take longer, depending on asset types and family considerations.
Key documents include deeds or titles for real estate, bank and investment account statements, beneficiary designation forms, and any existing wills or powers of attorney. Our team helps you assemble and organize these materials for efficient drafting.
Costs vary with complexity, but our approach emphasizes clear pricing and value. We provide a detailed estimate after the initial consultation, outlining drafting, funding, and potential ancillary services.
Choosing our firm means working with local attorneys who understand Maryland law and Fulton community needs. We emphasize clear communication, practical planning, and timely service to deliver a reliable estate plan.
