Legal Question in Wills and Trusts in Maryland
Is it best to establish a trust for my only granddaughter.I am resident of MD
Asked on 3/21/12, 11:20 am
1 Answer from Attorneys
Cedulie Laumann
Arden Law Firm, LLC
Many different types of TRUSTS exist, so it is helpful to first understand your goals/desires, the age of the child, the amount of $ involved and any other factors (like special needs).
A basic trust in a will (effective only after one dies) is often a good idea when minors will inherit assets since it gives some control over when and how they get funds.
Answered on 3/21/12, 12:15 pm
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