6 Ways to Minimize or Eliminate Estate Taxes.
The Role of an Executor in Maryland
In Maryland, an executor (also known as a personal representative) plays a crucial role when it is time to settle an estate and distribute assets after a loved one has passed away. Working with an attorney who has knowledge and experience...
The Consequences of Not Probating a Will
Let’s start with some context. First, as we have noted in previous blog posts, probate is a court-supervised process whereby an individual’s debts are paid and the remaining assets are distributed to beneficiaries after the individual in question passes away....
What is a Demand Letter?
As the name implies, a demand letter “demands” that the letter’s recipient take specific actions to resolve a conflict. Demand letters are frequently used by businesses to demand restitution or the payment of a debt, and they often serve...
Maryland Estate Tax: What You Need to Know
Let’s start with the good news. The vast majority of us are not subject to federal estate taxes because the current threshold is $11.7 million for individuals and $23.4 for couples filing jointly.
Unfortunately, the threshold for Maryland’s estate tax is...
What Are the Differences Between a Void Contract and a Voidable Contract?
With Home Prices Rising Rapidly, You May Find It Easy to Get Rid of Your Mortgage Insurance
Should Your Estate Plan Include a Letter of Intent?
Trusts Aren’t Just for Rich People
One of the more common misconceptions about trusts is that they are only for celebrities and the wealthiest of families. Not so. Trusts can accomplish a wide range of planning objectives, many of which apply to “regular folks.” Let’s look at few examples.
Avoiding ProbateProbate is a legal process whereby an individual’s...
FEMA Now Provides Financial Assistance for COVID-Related Funeral Expenses
If you have lost a loved one due to COVID-19, FEMA now offers financial assistance for funeral expenses. Assistance is available retroactively for funeral expenses incurred after January 20th of last year.
Eligibility RequirementsTo be eligible for assistance from FEMA, your loved one must have passed away in the United States (including...