Estate planning frequently asked questions as answered by our attorney in Owings Mills, Maryland, Richard L. Gershberg. In our estate planning office, we hear many questions from our clients. Below, we share those questions that we most frequently hear along with the answers.
As a premier estate planning law firm, it is our duty to provide you with the knowledge needed so that you can make well-informed decisions for yourself and your family members. With the education provided below in conjunction with attendance at one of our seminars, you will be well informed so your family is protected in the event something should happen to you.
If your question is not asked and answered below, please reach out to our office for estate planning assistance today. We can be reached by telephone at (410) 654-3850 or you can use our contact form to send us a message. It is our goal to help the community of Owings Mills, Maryland and surrounding areas so you can protect your legacy with a well-drafted estate plan. Our estate planning frequently asked questions aim to help you, but that does not take the place of qualified legal assistance when you need it. Contact us for help today.
Why do I need an estate plan?
If I don’t create an estate plan, won’t the government provide one for me?
What’s the difference between having a Will and a Living Trust?
The possibility of a disabling injury or illness scares me. What would happen if I were mentally disabled and had no estate plan or just a Will?
If I set up a Living Trust, can I be my own trustee?
Will a Living Trust avoid income taxes?
Can I transfer real estate into a Living Trust?
Is the Living Trust some kind of loophole the government will eventually close down?
Isn’t a Living Trust only for the rich?
Can any attorney create a Living Trust?
What is the federal estate tax?
What is a state estate or inheritance tax?
What is portability?
Must an estate tax return be filed if portability will be utilized?
For current Estate and Gift tax figures, click here.