A living trust (sometimes referred to as an “inter vivos trust”) provides for management of trust property during life, and distribution of trust property following death.
You must fund a living trust by titling property into the name of the trust. For example, to include your bank account in the trust, you must retitle your bank account in the name of the trust. Similarly, to make your house part of the trust, you must deed title of the house over to the trust. And then the living trust governs that property.
Located in Rockville, the Law Office of Henry Nash provides estate planning services in Montgomery County and throughout Maryland. If you have any questions or concerns about revocable living trusts and want to confer with an experienced elder law, disability law, and estates & trusts attorney, please feel free to contact us.