Protect Your Assets with the Right Trust Strategy

Revocable & Irrevocable Trusts in Ellicott City, MD
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Choosing the Right Trust for Your Estate Plan

Trusts are powerful legal tools that allow individuals to manage, protect, and distribute assets efficiently. Whether you’re looking to retain control of your wealth with a revocable trust or need long-term asset protection through an irrevocable trust, our Ellicott City trust attorneys proudly serve clients across Maryland with strategies tailored to your goals.


Plan your trust today. 

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Understanding Revocable & Irrevocable Trusts

Revocable Living Trusts

✔ Flexibility & Control – Modify or revoke at any time.
✔ Probate Avoidance – Assets pass directly to, or for the benefit of, your beneficiaries.

✔ Privacy Protection – Keeps estate matters out of court.

Irrevocable Trusts

✔ Asset Protection – Shields wealth from lawsuits & creditors.

✔ Estate Tax Benefits – Reduces taxable estate value.

✔ Medicaid & Long-Term Care Planning – Helps preserve Medicaid eligibility.

Which Trust Is Right for You?


✔ Individuals Wanting Control – Revocable trusts allow flexibility.
✔ Those Needing Asset Protection – Irrevocable trusts secure wealth.

✔ Families Seeking Tax Savings – Both options can offer strategic tax benefits.

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FAQ: Revocable & Irrevocable Trusts

  • What is the difference between a revocable and irrevocable trust?

    A revocable trust allows you to make changes or dissolve the trust entirely at any time, while an irrevocable trust cannot be modified once established and provides stronger asset protection and tax benefits.

  • Will a revocable trust help me avoid probate?

    Yes! A revocable living trust ensures assets are transferred directly to, or for the benefit of, beneficiaries, bypassing probate delays and court costs.

  • How does an irrevocable trust protect my assets?

    Assets placed in an irrevocable trust are no longer considered personal property, making them protected from lawsuits, creditors, and estate taxes.

  • Which trust should I use for Medicaid planning?

    An irrevocable Medicaid asset protection trust allows individuals to qualify for Medicaid while protecting assets from long-term care costs.

 

 Need help deciding? Our trust attorneys can guide you.

The right trust can protect your assets and ensure a seamless transfer to your beneficiaries.

Let’s build a customized plan for your needs.


Start planning today.