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Trusts

Trusts Attorney in Rockville, MD

Protect Your Family’s Future by Creating a Trust

One of the approaches in estate planning that you would often hear is the creation of a trust. There are many types of trusts with several different purposes. If you own real property, have assets more than $100,000 or want to distribute the trust among your heirs in a certain way, the Law Offices of David P. Korteling can help determine the trust that will be more beneficial to you. Our founding estate lawyer in Rockville, MD, David P. Korteling has over 22 years of extensive experience in this practice area and can provide honest advice on the current trust laws in Maryland. Mr. Korteling stands ready to guide you through the proper legal avenues of trust creation including the common pitfalls clients usually fall into to ensure a solid, sensible, and legally-binding trust for you and your beneficiaries.

Below are some other advantages of a trust:

  • Allows your beneficiaries to skip the probate process
  • Helpful in disability planning or in the event that you become disabled or incapacitated
  • Trust executions are private and cannot be made public

To learn more about how a trust can be beneficial to you and your family, please don’t hesitate to consult with our firm at (301) 281-4808.

Types of Trusts in Maryland

At the Law Offices of David P. Korteling, we know that every person has a unique situation and goals when it comes to dealing with their assets and finances. When you come to us for your estate plan, you can be sure that we work with you closely to determine which type of trust is best suits your lifestyles and objectives.

In definition, a trust is where a grantor can place his/her asset with special instructions on how they want it transferred to their beneficiaries. The execution of a trust is given to a trustee or a third party, who is also responsible for managing and distributing the assets.

The most common types of trusts in Maryland include:

  • Revocable trusts or living trusts- A trust that can be modified or even revoked entirely. Assets that were transferred to a trust before your passing cannot be subject to probate.
  • Irrevocable trust- Once an irrevocable trust is created, no one, not even the grantor, can make changes or take the property out of the trust.
  • Asset protection trust- A type of trust that is designed to protect the grantor’s assets from future creditors.
  • Charitable trust- This type of trust benefits a particular charity, organization, or the public in general and can help lower or even avoid estate and gift tax.
  • Special needs trust- This type of trust is especially helpful for parents or individuals with dependents who have special needs. It allows the beneficiary to continue receiving government benefits even after the grantor has passed.

Call Now to Get Started on Your Trust

The Law Offices of David P. Korteling is prepared to utilize our decades of experience in trust creation and estate planning on your behalf. We are well-versed in the current state and federal laws that can affect your assets in the future. Let us help you determine if creating a trust is the most beneficial estate planning approach for you.

Call us today at (301) 281-4808 and schedule a consultation with our Rockville MD trusts attorney.

Our Testimonials

  • Responsive, Honest and Informative

    “I sent him an email, and his response was honest and informative. Thank you.”

    Anonymous

  • I cannot emphasize what a pleasure it was to have Mr. Korteling by my side.

    “He made the experience as smooth and seamless as possible. Mr. Korteling is not just a great lawyer – he is a counselor at heart.”

    Gilda

Why You Need Our Firm In Your Corner

  • Over 2 Decades of Experience Providing Clients the Security They Need.
  • With a Diverse Background in Law, No Case Is Too Complicated for Our Firm.
  • We Have the Experience, Resources & Expertise Usually Only Found in Larger Law Firms.
Protect & Plan

Everyone has assets. Ensure they are distributed how you want them to be when the time comes.
We can help you develop a plan perfectly suited to your needs.