Ocean City Trusts Lawyer, Maryland

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Stephen Cromwell
About | Practice Areas
Cromwell & Associates, LLC
7305 Baltimore Ave Suite 307 College Park, MD 20740» view map
Estate, Tax, and Real Estate Law
Where Every Client Matters

At Cromwell & Associates, our firm is large enough to handle your diverse needs, but small enough to give you the personal attention you deserve.

240-667-7234
1. Stephen Cromwell College Park, MD
  Attorney at Law, MD
  University of Maryland School of Law, J.D. 2019
2. AboutCromwell & Associates, LLC
  Where Every Client Matters
3. Practice AreasExpertise
  Estate Law
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James Louis Demartino

Intellectual Property, Art, Trusts, Business

Status: In Good Standing Licensed: 28 Years

CONTACT

Ocean City, MD 21843

Richard John Brueckner

Criminal, Trusts

Status: In Good Standing Licensed: 16 Years

CONTACT

Ocean City, MD 21843

David W Simpson

Trusts

Status: In Good Standing Licensed: 38 Years

CONTACT

Ocean City, MD 21843

James Alan List

Real Estate, Estate, Trusts, Commercial Real Estate

Status: In Good Standing Licensed: 39 Years

CONTACT

5700 Coastal Hwy, Ocean City, MD 21842

William Everett Esham

Real Estate, Business, Trusts

Status: In Good Standing

CONTACT

6200 Coastal Hwy, Ocean City, MD 21842

Victoria Lynn O'Neill

Litigation, Family Law, Trusts, Landlord-Tenant

Status: In Good Standing

CONTACT

6200 Coastal Highway, Ocean City, MD 21842

J. Harrison Phillips

Traffic, Trusts, Criminal, Other

Status: In Good Standing

CONTACT

115 72Nd Street, Ocean City, MD 21842

Joseph E Moore

Land Use & Zoning, Federal Appellate Practice, Government, Trusts

Status: In Good Standing Licensed: 56 Years

CONTACT

3509 Coastal Highway, Ocean City, MD 21843

Arlette Kelly

Real Estate, Traffic, Trusts, Corporate

Status: In Good Standing Licensed: 30 Years

CONTACT

10477 Golf Course Rd, Ocean City, MD 21842

Donna Burnett McElroy

Family Law, Divorce & Family Law, Trusts, Juvenile Law

Status: In Good Standing Licensed: 23 Years

CONTACT

6 White Sail Cir, Berlin, MD 21811

800-923-0641

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LEGAL TERMS

POWER OF APPOINTMENT

The legal authority to decide who will receive someone else's property, usually property held in a trust. Most trustees can distribute the income from a trust o... (more...)

The legal authority to decide who will receive someone else's property, usually property held in a trust. Most trustees can distribute the income from a trust only according to the terms of the trust, but a trustee with a power of appointment can choose the beneficiaries, sometimes from a list of candidates specified by the grantor. For example, Karin creates a trust with power of appointment to benefit either the local art museum, symphony, library or park, depending on the trustee's assessment of need.

AB TRUST

A trust that allows couples to reduce or avoid estate taxes. Each spouse puts his or her property in an AB trust. When the first spouse dies, his or her half of... (more...)

A trust that allows couples to reduce or avoid estate taxes. Each spouse puts his or her property in an AB trust. When the first spouse dies, his or her half of the property goes to the beneficiaries named in the trust -- commonly, the grown children of the couple -- with the crucial condition that the surviving spouse has the right to use the property for life and is entitled to any income it generates. The surviving spouse may even be allowed to spend principal in certain circumstances. When the surviving spouse dies, the property passes to the trust beneficiaries. It is not considered part of the second spouse's estate for estate tax purposes. Using this kind of trust keeps the second spouse's taxable estate half the size it would be if the property were left directly to the spouse. This type of trust is also known as a bypass or credit shelter trust.

INHERIT

To receive property from someone who has died. Traditionally, the word 'inherit' applied only when one received property from a relative who died without a will... (more...)

To receive property from someone who has died. Traditionally, the word 'inherit' applied only when one received property from a relative who died without a will. Currently, however, the word is used whenever someone receives property from the estate of a deceased person.

SURVIVING SPOUSE'S TRUST

If a couple has created an AB trust, the revocable living trust (Trust B) of the surviving spouse, after the first spouse has died.

CONTINGENT BENEFICIARY

1) An alternate beneficiary named in a will, trust or other document. 2) Any person entitled to property under a will if one or more prior conditions are satisf... (more...)

1) An alternate beneficiary named in a will, trust or other document. 2) Any person entitled to property under a will if one or more prior conditions are satisfied. For example, if Fred is entitled to take property under a will only if he's married at the time of the will maker's death, Fred is a contingent beneficiary. Similarly, if Ellen is named to receive a house only in the event her mother, who has been named to live in the house, moves out of it, Ellen is a contingent beneficiary.

PUBLISHED WORK

An original work of authorship that is considered published for purposes of copyright law. A work is 'published' when it is first made available to the public o... (more...)

An original work of authorship that is considered published for purposes of copyright law. A work is 'published' when it is first made available to the public on an unrestricted basis. It is thus possible to display a work, or distribute it with restrictions on disclosure of its contents, without actually 'publishing' it. Both published and unpublished works are entitled to copyright protection, but some of the rules differ.

FINAL BENEFICIARY

The person or institution designated to receive trust property upon the death of a life beneficiary. For example, Jim creates a trust through which his wife Jan... (more...)

The person or institution designated to receive trust property upon the death of a life beneficiary. For example, Jim creates a trust through which his wife Jane receives income for the duration of her life. Their daughter, the final beneficiary, receives the trust principal after Jane's death.

RESIDUARY BENEFICIARY

A person who receives any property by a will or trust that is not specifically left to another designated beneficiary. For example, if Antonio makes a will leav... (more...)

A person who receives any property by a will or trust that is not specifically left to another designated beneficiary. For example, if Antonio makes a will leaving his home to Edwina and the remainder of his property to Elmo, then Elmo is the residuary beneficiary.

FAILURE OF ISSUE

A situation in which a person dies without children who could have inherited her property.

SAMPLE LEGAL CASES

Johnson v. Johnson

... George T. Bogert, The Law of Trusts and Trustees Â§ 181 at 244-46 (Rev.2d ed.1979) (internal footnotes omitted). ... Once the shares were distributed into Trusts A and B, the Trust set forth how the Trustee was to hold, manage, and distribute the Trust. ...

Elder v. Smith

... Vol.), Â§ 8-104 of the Estates and Trusts Article ("ET"). ... Again, the Estates and Trusts Article governs such claims, and there is nothing in that Article permitting a creditor with a pre-death claim to enhance the priority of its claim post-death. ...

Spry v. Gooner

... appellants lacked standing. The basis of the order was that appellants were not "interested persons" within the meaning of Maryland Code (2001 Repl.Vol., 2008 Supp.), Â§ 1-101(i) of the Estates & Trusts Article ("ET"). Ralph Gooner ...

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Ocean City Trusts Lawyer, Maryland

Sponsored Law Firm

Cromwell & Associates, LLC

SPONSORED LAWYERS

James Louis Demartino

Richard John Brueckner

David W Simpson

James Alan List

William Everett Esham

Victoria Lynn O'Neill

J. Harrison Phillips

Joseph E Moore

Arlette Kelly

Donna Burnett McElroy

TIPS

LEGAL TERMS

POWER OF APPOINTMENT

AB TRUST

INHERIT

SURVIVING SPOUSE'S TRUST

CONTINGENT BENEFICIARY

PUBLISHED WORK

FINAL BENEFICIARY

RESIDUARY BENEFICIARY

FAILURE OF ISSUE

SAMPLE LEGAL CASES

Johnson v. Johnson

Elder v. Smith

Spry v. Gooner

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