Many states provide tools for changing an “irrevocable” trust, and with the enactment of the Maryland Trust Decanting Act, Maryland lawmakers have provided another tool to improve irrevocable trusts in Maryland, but not without limitations. I. What does it mean to “decant”? Just as one might filter out impurities in wine via decanting, a trustee […]
Often, when meeting with a client to discuss their estate planning, one of the first questions is, “How can I avoid probate?” Probate can be a source of anxiety for clients who want to avoid imposing on their loved ones what they envision as a long list of cumbersome tasks after their death. Probate is […]
