Legal Question in Wills and Trusts in Maryland
Recently I heard that a living trust is not part of an estate. Is this true?
Asked on 12/01/10, 8:11 am
2 Answers from Attorneys
Phillip M. Cook
Cook Legal Services, LLC
A Living Trust is used to transfer property to beneficiaries. But unlike a last will, a living trust is not usually subject to probate court. Consult a probate attorney with the specific facts of your case to determine how a living trust may or may not effect your estate.
Best of luck.******The above is for informational purposes only and does not create an attorney-client privilege.*******
Answered on 12/06/10, 8:27 am
Cedulie Laumann
Arden Law Firm, LLC
Correct, property held by a Living Trust is not a part of one's probate estate. (Note that it is not enough to simply create a trust, property must actually be titled in the Trust name).
Answered on 12/06/10, 8:39 am
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