Maryland (SB239/HB507) is one of the 28 states which have either enacted or introduced this legislation. As the world moves increasingly online, our digital assets are fast becoming some of our most personal assets we own. These are our email correspondence with loved ones, our digital photo archive, and our social media platforms. Who has […]
Understanding the difference between a Probate and a Non-Probate Asset When people think of inheritance, they typically think about what they may inherit under the Will of a loved one. However, assets that are distributed by a Will often are not the only assets that a person owned. Many people who create an estate plan […]
The New Year is a Good Time to revisit your Estate Plan Ok. So reviewing your estate documents may not sound like the most exciting way begin the new-year. However, it may be one of the most important things you do this year and, in reality, does not take a great deal of time. Check […]
Since the Supreme Court struck down state bans on same sex marriage in Obergefell v. Hodges, the IRS has released proposed regulations redefining the terms “husband” and “wife”. Read more at: IRS proposed regs redefine the terms “husband” and “wife”
Let’s face it. We make decisions about our families everyday. Some of them more routine: Who has time to make a trip to the grocery store? Some of them more difficult: Should we refinance the house? Having a conversation with your spouse about setting up an Estate Plan for your family can be one of […]
On January 1, 2015 the Maryland Trust Act (“MTA”) went into effect. The MTA is the legislature’s adoption of a modified version of the Uniform Trust Code. The Uniform Trust Code is a compilation of generally accepted common law principles designed to provide uniformity in the area of trust administration and interpretation across the nation. […]
The IRS issues rules detailing generous estate-tax break for millions of Married Individuals Portability, what is it and is it worth it? The estate tax exemption is the amount of assets you can leave to individuals other than your spouse without having to incur any federal estate tax liability. The current 2015 federal estate tax […]