Tag Archives: inheritance tax

When to Update Your Estate Plan

An estate plan, much like an automobile, requires regular maintenance to keep it running smoothly — or at least, to keep it from breaking down. The question is: how regular is “regular”? Many estate planning attorneys agree that every 3-5 … Continue reading

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The Boat Trust: Why Every Sailor Needs to Plan

You live in Annapolis, therefore, either you own a boat or you know someone who does, even if just a small canoe for raiding the neighbor’s crab traps. That means you probably have a good idea of the resources required … Continue reading

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Postpone Estate Tax Payment to Save the Family Business

What’s the best way to create wealth?  If I had a definitive answer, you can bet your margarita that I’d be typing this from a beach somewhere. From where I’m actually typing this — my Annapolis business law office — … Continue reading

Posted in Business Law, Estate Planning, Estate Tax, Succession Planning | Tagged , , , , , , , , , , , , , | 5 Comments

“Small” Estates Get Bigger for Maryland Probate

A new Maryland law increases the maximum value of a decedent’s assets that qualifies for probate administration as a small estate. According its fiscal policy note, Maryland Chapter 62 “increases the eligibility thresholds for small estate administration from $30,000 to … Continue reading

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Marriage, Estate Equality Prevail in Maryland Referendum

Maryland voters Tuesday said “yes” to Question Six (the Maryland Same-Sex Civil Marriage Referendum), making the state one of the first to approve marriage equality by popular vote. While the narrow margin of approval (52%-48%) implies the state’s embrace of … Continue reading

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