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An inheritance can be a financial boon during a time of grief, but sometimes it can come at a price. In Maryland, the price is a tax levied against your inheritance. This is referred to as an inheritance tax. You may have heard of the federal estate tax, but not state...
A will is an important estate planning tool. It can also be a complicating factor during the probate process if the decedent did not follow the requirements for its proper execution. Requires residence too follow specific rules when they draft and execute there wills....
Did you recently become a parent? Did you get married? On the other side of the coin did you get divorced? Any of these life events in Maryland warrant a review of the beneficiary designations on your financial account as part of the estate planning process. Some of...
Many Marylanders may have heard that the probate process in our state’s courts is both time-consumer and expensive. As such, they may be looking for ways to pass property down to their loved ones without having to through the probate courts. A living trust may be a...
The probate process in Maryland does not have the best reputation. Many people have probably heard from at least one source that it is cumbersome, expensive or stressful. However, probate is the legal means for settling up an estate. In the probate process, the court...
Probate can be a confusing and grueling process. Depending on the efficiency of your loved one’s estate plan and the complexities of their assets, the probate process may last well over a year after the death of your loved one. Among the most disconcerting matters is...
