Legal Question in Wills and Trusts in Maryland
My son's grandfather (my wife's father) left him a small amount of money to be placed in a trust, with my son's Mom as the trustee, until he is 25. Is there a simple trust agreement that we can use? The bank where we wanted to open an account (in Maryland) requires a trust agreement.
1 Answer from Attorneys
You can find trust agreements online either for free or a small fee. However, these trust agreements are not necessarily going to follow Maryland State law (meaning they won't be honored by a Maryland court) and they may distribute property in a way that you do not intend. It is for these reasons and many more that that I STRONGLY recommend that you hire a Maryland probate lawyer to draft/prepare the trust agreement for you, discuss it's contents and how to properly execute the trust. It will cost a bit more than going online, but at least you know it will be done correctly the first time.
If you would like my assistance, please feel free to contact me directly at [email protected].
Best of luck.*******The above is for informational purposes only and does not create an attorney-client privilege.********
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