The new Maryland Trust Act takes effect January 1, 2015 and will apply to all Maryland trusts, including those created prior to its effective date.  For the most part, the Act provides default rules that can be overridden by the express terms of a trust, but some rules are mandatory. The following is brief summary […]

What is a Power of Appointment? A power of appointment is a power given to a person (oftentimes under a trust) which enables the person to designate who will receive property or an interest in property.  The person who creates the power of appointment is the donor; the holder of the power is the powerholder; and […]