As you considered your estate plan, perhaps you did some research and decided that a trust might be the right fit for you and your assets. You may have heard people talk about “funding a trust”, “transferring funds to a trust” or “moving assets into the trust.” Those phrases may have you thinking of the … Read more
Elder law attorneys in Upper Marlboro, Prince George’s County, focus on bridging the generations, and because of that, we understand many of the nuances that create a disconnect between adult children and their aging parents. One major issue can be that of finances. In the older generation, it is still considered fairly taboo to discuss … Read more
If you have a Revocable Living Trust make sure it is properly funded. Funding is the process of re-titling assets (changing ownership) to the name of your Trust or making your Revocable Living Trust the primary or secondary beneficiary of assets that require a beneficiary designation (e.g., retirement plans or insurance policies). If your assets … Read more