If you are considering an estate plan, you need to take a close look at a trust.
Trusts are not always better than wills. However, there are at least five scenarios that put trusts out front, according to Wicked Local Norwood in "Five Ways in which a trust is better than a will."
Those reasons include:
All that noted, wills have the benefit of a neutral judge overseeing the process and “testamentary trusts” can be created under wills that accomplish the same ends as those available through a revocable living trust that avoids probate.
An estate planning attorney can guide you on creating an estate plan that fits your unique circumstances and may well include a trust. Call (443) 470-3599 today and schedule a consultation with Maryland Attorney Britt L. Stouffer to learn more about Estate or Elder Law and how she can help you.
Reference: Wicked Local Norwood (May 14, 2017) "Five Ways in which a trust is better than a will."