Montgomery County, Maryland Trust Lawyer
| For more than 30 years The Law Office of Alan B. Frankle has provided quality legal services to clients who wish to establish trusts. Our knowledgeable attorney takes the time to truly understand your wishes. |
Contact us today to schedule a free initial consultation to discuss your needs. You can rely on us for affordable, experienced counsel for your trust needs.
Selection of a trustee is very important and
must be planned carefully to avoid potential conflicts.
Revocable Living Trusts
Revocable living trusts can be an invaluable asset protection tool for the elderly and chronically ill. Mixed families with stepchildren also find these trusts helpful in protecting the rights of children from a prior relationship or marriage.
Revocable living trusts can sometimes be viewed as a way to avoid probate, but they have the potential to be much more. Let us show you how they are a critically helpful disability planning devise, with the added benefit of probate avoidance.
In contrast to a power of attorney, with a revocable living trust, the trustee holds equitable legal title, meaning that third parties cannot avoid dealing directly with the trustee. This helps ensure that the trustee truly has the ability to manage finances and creditors.
Irrevocable Life Insurance Trusts
An irrevocable life insurance trust is a useful tax planning device to ensure that your life insurance is not taxed by the federal government or Maryland estate tax. Ownership of the policy is transferred to a trust, rather than remaining in the name of the individual owner, in order to avoid estate taxes upon death.
Additional Trusts
As part of a wills and trusts package, we can help you to establish the following:
- Credit shelter trusts
- Charitable trusts: Including charitable giving trusts that support lifetime giving
- Marital trusts
- Disclaimer trusts
Business Organizations
As part of your estate planning package, we can help you create a family partnership, LLC, or closely held corporation to manage your trust.
Contact us today to schedule your free consultation. We'll help you establish a trust that fits your needs.
The Law Office of Alan B. Frankle
751 Rockville Pike, Suite 7
Rockville, MD 20852
Telephone: 301-217-0505 | Facsimile: 301-294-0508
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