Many people create a revocable living trust believing it will help their family avoid probate after they pass away. Often, that is exactly what happens. However, simply signing a trust agreement does not automatically avoid probate. In fact, one of the most common estate planning issues I encounter is a Read more
Creating a revocable living trust is only part of the process. For the trust to actually control your real estate, the property must first be properly transferred into the trust. This step is commonly referred to as funding the trust, and it is one of the most overlooked parts of Read more
Owning real estate in more than one state is common. What many property owners don’t realize is that this can create unexpected legal and financial complications after death—especially when no planning has been done in advance. One of the most common questions that comes up is: Do I need a Read more
When someone passes away owning property in more than one state, their estate may not be handled in just one place. In many cases, a second probate proceeding—known as an ancillary estate—is required. For families, this often comes as a surprise, especially when they believe everything has already been handled Read more
Do you own property in Maryland but live in another state? Did you know that an out-of-state death can trigger a 1% probate fee in Maryland? Many homeowners own property in more than one state. But what often goes unnoticed is what happens after death—especially when someone who lives outside Read more