Both Living Trusts and Last Wills and Testaments (“Wills”) are Estate Planning vehicles. “Vehicles” because both are methods of achieving goals related to the distribution of assets post-death, to lawful avoidance of taxes (in some cases), to avoidance of probate costs and expenses, and to the accomplishment of other tasks. Both involve complex documents that… Continue reading Maryland/D.C. Estate Planning: What is The Difference Between a Living Trust and a Will?
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