Estate Planning Goals and Objectives for 2022

Estate Planning Goals & Objectives for 2022

Clifford M. Cohen February 10, 2022 No Comments

The start of a new year brings about renewed energy towards accomplishing goals, but how often do we tend to fizzle out only after a few short months? If one…

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The Ins and Outs of the Maryland Inheritance Tax.

Clifford M. Cohen December 8, 2021 No Comments

Maryland is one of only six states that levies an inheritance tax. (Maryland also imposes an estate tax, making it the only state to levy both.) The good news…

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How to Avoid Probate in Maryland.

Clifford M. Cohen November 23, 2021 No Comments

There are several reasons why you might want your estate to avoid Maryland probate after you pass away. The probate process can be frustrating, time-consuming, and costly. In addition, probate…

Contesting a Will in Maryland.

Clifford M. Cohen November 16, 2021 No Comments

Wills are contested more often than you might imagine. This is why it is so important to have an experienced Maryland estate planning attorney design and implement your will and…

Understanding the Portability of the Estate Tax Exemption

What are Revocable Living Trusts in Maryland?

Clifford M. Cohen October 28, 2021 No Comments

Revocable living trusts are estate planning documents that can give the grantor (the person for whom the trust is created) complete control over his or her assets during life, in…

Who Inherits Property In Maryland If There’s No Will?

Clifford M. Cohen October 8, 2021 No Comments

When a person passes away without a will (or, in the case of certain assets, without designated beneficiaries), the decedent’s assets are distributed according to what is known as intestate…

6 Ways to Minimize or Eliminate Estate Taxes.

Clifford M. Cohen October 7, 2021 No Comments

Let’s begin with a look at the numbers. The current federal estate tax exemption is $11.7 million for individuals and $23.4 for couples filing jointly. Assets in excess of these…

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The Role of an Executor in Maryland

Clifford M. Cohen September 15, 2021 No Comments

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…

The Consequences of Not Probating a Will

Clifford M. Cohen August 25, 2021 No Comments

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…

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