Oct 10, 2023 | Estate Planning, Probate
There are five sets of death taxes that are relevant for Maryland residents: First, there is Final Personal Income Tax (Federal and Maryland), which refer to the income taxes that the deceased person would have had to pay in the year they died. This is something that...
Aug 29, 2023 | Estate Planning, Probate
One of the most common misconceptions we hear from potential clients is that a Last Will and Testament will avoid the Probate process. It will not! Setting up a Will can have several important benefits. For instance, when you die, it will be known who will be in...
Aug 15, 2023 | Estate Planning, Probate
When we discuss the benefits of Revocable Living Trusts with our potential clients, some of them respond that they own everything jointly with their spouse, so there is no urgency. They assume it will only be useful once the first of them goes, and want to wait until...
Apr 13, 2023 | Estate Planning, Probate
My 68-year-old father unexpectedly passed away in 2022. Despite my efforts to encourage my parents to create Last Wills and Testaments and Revocable Living Trusts, they had not done so because, well, they were not wealthy and were not planning on dying yet. My mother,...
Nov 4, 2022 | Estate Planning, Probate
However, we can imagine there are many of you who still cannot picture something happening in your own circumstance. In this series, we will showcase a few Probate and Guardianship scenarios we have handled that were the direct result of poor planning by our clientsโ...