Brooklyn Trusts Lawyer, Maryland, page 4

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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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Robin Page West

Corporate, Litigation, Trusts

Status: In Good Standing Licensed: 45 Years

CONTACT

201 N Charles St, Baltimore, MD 21201

Ronald Paul Jackson

Real Estate, Federal Appellate Practice, Trusts, Consumer Bankruptcy

Status: In Good Standing Licensed: 19 Years

CONTACT

210 E. Lexington Street, Baltimore, MD 21202

Frederick R Franke Jr.

Tax, Real Estate, Wills & Probate, Trusts

Status: In Good Standing Licensed: 40 Years

CONTACT

77 Franklin Street, Baltimore, MD 21201

Dennis C Weisberg

Federal Appellate Practice, Trusts, Corporate, Business

Status: In Good Standing Licensed: 43 Years

CONTACT

7477 Baltimore Annapolis Blvd, Glen Burnie, MD 21061

Harold R. Weisbaum

Federal Appellate Practice, Government, Trusts, Family Law

Status: In Good Standing

CONTACT

11 E Lexington Street, Baltimore, MD 21202

Michelle Noorani

Federal Appellate Practice, Trusts, Gift Taxation, Insurance

Status: In Good Standing Licensed: 24 Years

CONTACT

7 St. Paul Street, Baltimore, MD 21202

Raymond Charles O'Brocki

Employee Rights, Construction, Trusts, Administrative Law

Status: In Good Standing Licensed: 11 Years

CONTACT

711 Juniper Road, Linthicum Heights, MD 21090

Peter Harris Burstein

Corporate, Trusts, Real Estate, Commercial Real Estate

Status: In Good Standing Licensed: 24 Years

CONTACT

1500 Whetstone Way, Baltimore, MD 21230

Larry J Musher

Securities, Trusts, Employment

Status: In Good Standing Licensed: 47 Years

CONTACT

627 S Hanover St, Baltimore, MD 21230

David James Hodnett

Trusts, Estate, Juvenile Law, Business

Status: In Good Standing Licensed: 17 Years

CONTACT

901 South Bond Street, Baltimore, MD 21231

800-923-0641

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LEGAL TERMS

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.

TRUST CORPUS

Latin for 'the body' of the trust. This term refers to all the property transferred to a trust. For example, if a trust is established (funded) with $250,000, t... (more...)

Latin for 'the body' of the trust. This term refers to all the property transferred to a trust. For example, if a trust is established (funded) with $250,000, that money is the corpus. Sometimes the trust corpus is known as the 'res,' a Latin word meaning 'thing.'

GROSS ESTATE

For federal estate tax filing purposes, the total of all property owned at death, without regard to any debts or liens against the property or the costs of prob... (more...)

For federal estate tax filing purposes, the total of all property owned at death, without regard to any debts or liens against the property or the costs of probate. Taxes are due only on the value of the property the person actually owned (the net estate) plus the amount of any taxable gifts made during life. In a few states, the gross estate is used when computing attorney fees for probating estates; the lawyer gets a percentage of the gross estate.

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.

CERTIFICATION OF TRUST

See abstract of trust.

DISCHARGE (OF PROBATE ADMINISTRATOR)

A court order releasing the administrator or executor from any further duties connected with the probate of an estate. This typically occurs when the duties hav... (more...)

A court order releasing the administrator or executor from any further duties connected with the probate of an estate. This typically occurs when the duties have been completed but may happen sooner if the executor or administrator wishes to withdraw or is dismissed.

ABSTRACT OF TRUST

A condensed version of a living trust document, which leaves out details of what is in the trust and the identity of the beneficiaries. You can show an abstract... (more...)

A condensed version of a living trust document, which leaves out details of what is in the trust and the identity of the beneficiaries. You can show an abstract of trust to a financial organization or other institution to prove that you have established a valid living trust, without revealing specifics that you want to keep private. In some states, this document is called a 'certification of trust.'

TRUST MERGER

Under a trust, the situation that occurs when the sole trustee and the sole beneficiary are the same person or institution. Then, there's no longer the separati... (more...)

Under a trust, the situation that occurs when the sole trustee and the sole beneficiary are the same person or institution. Then, there's no longer the separation between the trustee's legal ownership of trust property from the beneficiary's interest. The trust 'merges' and ceases to exist.

BYPASS TRUST

A trust designed to lessen a family's overall estate tax liability. An AB trust is the most popular kind of bypass trust.

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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Brooklyn Trusts Lawyer, Maryland, page 4

Sponsored Law Firm

Cromwell & Associates, LLC

SPONSORED LAWYERS

Robin Page West

Ronald Paul Jackson

Frederick R Franke Jr.

Dennis C Weisberg

Harold R. Weisbaum

Michelle Noorani

Raymond Charles O'Brocki

Peter Harris Burstein

Larry J Musher

David James Hodnett

TIPS

LEGAL TERMS

CONTINGENT BENEFICIARY

TRUST CORPUS

GROSS ESTATE

AB TRUST

CERTIFICATION OF TRUST

DISCHARGE (OF PROBATE ADMINISTRATOR)

ABSTRACT OF TRUST

TRUST MERGER

BYPASS TRUST

SAMPLE LEGAL CASES

Johnson v. Johnson

Elder v. Smith

Spry v. Gooner

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