Tag: Trust Agreements

It’s common to hear attorneys and others refer to trusts, but you may not know exactly what they are or why they are needed.  A trust is similar to an entity, such as a corporation or an LLC, in that a trust has a separate identity from either the person that formed it or the people it is intended to benefit.  The trust may own property in its own name and may even have a separate tax ID for its dealings with the IRS.

Continue reading “What is a Trust? The Basics of Forming a Maryland Trust”