When people decide to divorce, asset division is often one of the most complex parts of the resulting legal procedures. This is especially true in a high-asset divorce. While both parties' minds may quickly turn to salaries, brokerage accounts, vehicles and Maryland...
If you die without a valid will, Maryland law will declare you intestate. This means that your assets will pass in accordance with state law as opposed to how you would have wanted to allocate them. It's possible to avoid dying intestate by creating a will, having a...
Irrevocable trusts are estate planning strategies that many residents of Maryland use to reduce their taxes and pass on more of their estates. The IRS rolled out Revenue Ruling 2023-2 in March 2023 to change some of the rules surrounding irrevocable trusts, which...
One reason for creating a living trust is so your family can avoid probate court after your death. Not only is probate court time-consuming, but it gives the state of Maryland control over the distribution of your assets. To maintain control over asset distribution, a...
A parent in Maryland might face parental alienation during a separation or after a divorce. Parental alienation occurs when one parent purposely tries to ruin the bond between their child and the other parent. In this situation, the alienated parent isn’t a threat to...
People who live in Maryland and have moderate to large estates should know about the Maryland estate tax. While this tax won't apply to all estates, it will to those that are valued above the threshold established by the state. In Maryland, the estate tax threshold is...
Estate planning law is more thorough than many people realize. Navigating the ins and outs takes a lot of time. Aside from that, you could make mistakes in your property and assets division that cause confusion over what to do. Choosing the wrong type of trust There...
Life is often unpredictable. Anything from a sudden fall to a long-term illness can leave someone in Maryland unable to care for themself. By appointing a legal guardian, someone gets help making life-related decisions. You might think that only senior citizens or...
If you're going through a divorce in Maryland or have recently done so, you know how stressful and difficult a divorce can be. And while it certainly takes a toll on the couple, it's also tough on children. Managing a divorce involves handling the family law legal...
Young, single individuals in Maryland might not consider setting up their estate plans until they’re older. But the truth is, setting up an estate plan is important at any age - and almost doubly so when you’re single. If you’re not married with children, all of your...