In Maryland, inheritance tax is an important factor in proper estate planning.Estate planning should preserve, guard, and pass on the family wealth and assets effectively. In order to ensure that assets are protected, it is important to understand a key principle of estate planning: assets should be passed on to the right people and at the right…

Creating a viable business succession plan is important in Maryland. It is a good practice for small and large business owners to plan for when you may not be involved with your business for a prolonged period of time. Whether it is ceding daily operational control, retiring, or simply creating to pass on your legacy…

Guardianships are similar to custody, but a guardianship does not require the guardian to be a parent of the minor child. To obtain guardianship of a minor child in Maryland, you must file a petition with the Circuit Court and notify all interested parties of your intent to obtain a guardianship. In Maryland,  any interested party has…

With the New Year almost upon us, many people are making resolutions to eat healthier, quit smoking, or even to stop procrastinating. In addition to conquering these ambitious goals this coming new year, parents should consider safeguarding your children’s future by updating your estate plan. Resolving to address your children’s estate planning needs this holiday…

Life insurance policies are often overlooked when developing an estate plan, but are flexible and beneficial estate-planning tools that can provide financial security to your loved ones after your passing. Life insurance policies can provide your survivors an income-tax-free payout, as well as provide liquid assets that can easily pay estate taxes, when your estate…

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