๐“๐ก๐ข๐ฌ ๐ข๐ฌ ๐š ๐œ๐จ๐ฆ๐ฆ๐จ๐ง ๐ช๐ฎ๐ž๐ฌ๐ญ๐ข๐จ๐ง ๐ฐ๐ž ๐ ๐ž๐ญ. ๐–๐ก๐ข๐ฅ๐ž ๐ฆ๐จ๐ฌ๐ญ ๐ฉ๐ž๐จ๐ฉ๐ฅ๐ž ๐ฎ๐ง๐๐ž๐ซ๐ฌ๐ญ๐š๐ง๐ ๐ญ๐ก๐ž๐ฒ ๐ง๐ž๐ž๐ ๐š ๐–๐ข๐ฅ๐ฅ, ๐ญ๐ก๐ž๐ฒ ๐š๐ซ๐ž ๐ฎ๐ง๐Ÿ๐š๐ฆ๐ข๐ฅ๐ข๐š๐ซ ๐ฐ๐ข๐ญ๐ก ๐‘๐ž๐ฏ๐จ๐œ๐š๐›๐ฅ๐ž ๐“๐ซ๐ฎ๐ฌ๐ญ๐ฌ. ๐‡๐จ๐ฐ๐ž๐ฏ๐ž๐ซ, ๐Ÿ๐จ๐ซ ๐ฆ๐š๐ง๐ฒ ๐ฉ๐ž๐จ๐ฉ๐ฅ๐ž, ๐ญ๐ก๐ข๐ฌ ๐ข๐ฌ ๐ญ๐ก๐ž ๐›๐ž๐ฌ๐ญ ๐จ๐ฉ๐ญ๐ข๐จ๐ง ๐ญ๐จ ๐ก๐ž๐ฅ๐ฉ ๐ญ๐ก๐ž๐ฆ ๐ฆ๐š๐ง๐š๐ ๐ž ๐ญ๐ก๐ž๐ข๐ซ ๐š๐Ÿ๐Ÿ๐š๐ข๐ซ๐ฌ ๐š๐ง๐ ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐ž ๐ฉ๐ž๐š๐œ๐ž ๐จ๐Ÿ ๐ฆ๐ข๐ง๐ ๐Ÿ๐จ๐ซ ๐ญ๐ก๐ž๐ฆ๐ฌ๐ž๐ฅ๐ฏ๐ž๐ฌ ๐š๐ง๐ ๐ญ๐ก๐ž๐ข๐ซ ๐ฅ๐จ๐ฏ๐ž๐ ๐จ๐ง๐ž๐ฌ. ๐–๐ก๐š๐ญ ๐š๐ซ๐ž ๐ญ๐ก๐ž ๐ฉ๐ซ๐จ๐ฌ ๐š๐ง๐ ๐œ๐จ๐ง๐ฌ ๐จ๐Ÿ ๐ž๐š๐œ๐ก ๐จ๐ฉ๐ญ๐ข๐จ๐ง?

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๐‹๐š๐ฌ๐ญ ๐–๐ข๐ฅ๐ฅ ๐š๐ง๐ ๐“๐ž๐ฌ๐ญ๐š๐ฆ๐ž๐ง๐ญ ๐๐ซ๐จ๐ฌ:

1. You decide who will be in charge of your final affairs, not the government.
2. You decide who will be your beneficiaries, not the Maryland statute.
3. The Will will likely avoid an expensive Bond qualification process.
4. Cheaper initiallyโ€ฆ
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๐‚๐จ๐ง๐ฌ:

1. Will will go through the Probate process.
2. The Probate process is very expensive and unnecessary if planned ahead.
3. Even with a help of a lawyer, the family has to go through a nightmare of
government bureaucracy and red tape while grieving.
4. The Probate process causes delays in asset distribution, leaving beneficiaries
In financial uncertainty.
5. Unlike Trusts, Will and the entire Probate process become public record to anyone with internet access.
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๐‘๐ž๐ฏ๐จ๐œ๐š๐›๐ฅ๐ž ๐“๐ซ๐ฎ๐ฌ๐ญ ๐๐ซ๐จ๐ฌ:

1. ๐๐ซ๐จ๐›๐š๐ญ๐ž ๐€๐ฏ๐จ๐ข๐๐š๐ง๐œ๐ž. Assets held in a Trust avoid Probate, the lengthy legal process of validating a Will and administering an Estate. The Trust saves your family a lot of time, hassle and money associated with Probating your Estate, also allowing beneficiaries to receive their inheritance more quickly.
2. ๐๐ซ๐ข๐ฏ๐š๐œ๐ฒ. Because assets in a Revocable Trust avoid Probate, their administration generally does not require oversight from the courts and can be handled privately.
3. ๐’๐ž๐œ๐ฎ๐ซ๐ข๐ญ๐ฒ. Trust takes effect immediately after the signing, allowing someone else to serve on your behalf if you are ever unable to do so yourself.
4. ๐‚๐จ๐ง๐ญ๐ซ๐จ๐ฅ. Trusts allow for greater control over asset distribution. You can specify detailed instructions and customize distributions to meet individual needs. This feature is especially useful for those with minor/young adult beneficiaries, or beneficiaries who have special needs.
5. ๐€๐ฌ๐ฌ๐ž๐ญ ๐๐ซ๐จ๐ญ๐ž๐œ๐ญ๐ข๐จ๐ง. By placing assets in a Trust, you can add a level of protection from potential risks from creditors, lawsuits, and divorce, and ensure preservation of your money for future generations.
6. If you have real estate or a timeshare outside of Maryland, a separate Probate case has to be initiated in that other state.
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๐‚๐จ๐ง๐ฌ:

1. ๐‚๐จ๐ฌ๐ญ. The cost of creating a Trust is more expensive initially.
2. ๐…๐ฎ๐ง๐๐ข๐ง๐ . A Trust is only effective if assets are properly transferred into it. Failure to fund the Trust may result in some assets still being subject to Probate.
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See more ๐–๐ข๐ฅ๐ฅ๐ฌ ๐ฏ ๐“๐ซ๐ฎ๐ฌ๐ญ๐ฌ ๐œ๐จ๐ฆ๐ฉ๐š๐ซ๐ข๐ฌ๐จ๐ง here: โ€‹โ€‹bit.ly/3NFmLY2
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Please call us at 301-696-0567 or self-schedule at lenaclarklegal.com if you would like to help protect your assets and loved ones in the event of death or disability.