The Weekly Scenario
The Weekly Scenario: Virtual Maryland Wills and Trusts
Effective April 21, 2022, people can now sign their Maryland Wills and Trusts virtually. Senate Bill 36 is new legislation…
Read MoreThe Weekly Scenario: Governor Hogan Signed into Law the Maryland Tax Reduction Act on Friday, April 1st.
The act will cut retirement taxes by eliminating all state tax on the first $50,000 of income for retirees making…
Read MoreThe Weekly Scenario: New FDIC Rule to Simplify Banking for Trusts
On January 21, 2022, the Federal Deposit Insurance Corporation (“FDIC”) approved a new rule (going into effect on April 1,…
Read MoreThe Weekly Scenario: Planning for Diminished Capacity
There are numerous decisions that must be made when considering an estate plan. One decision to think about is who…
Read MoreThe Weekly Scenario: Qualities to Look for When Choosing a Guardian for Minor Children
When you are nominating the guardian of your minor children, the goal is to provide each child as little disruption…
Read MoreThe Weekly Scenario: Identity Theft and Protection of the Estate
Stolen identities and fraudulent usage of personal identifying information continues to be a big problem. These concerns grow when an…
Read MoreThe Weekly Scenario: The Build Back Better Act
The Build Back Better Act did not pass in 2021. However, this is not to say that Congress won’t try…
Read MoreThe Weekly Scenario: Three Common Estate Planning Mistakes
Estate planning attorneys frequently see certain common mistakes in an estate plan. Here are the three estate planning mistakes that…
Read MoreThe Weekly Scenario: Estate Tax Liabilities – Protecting a Personal Representative When There are Retirement Plan Accounts
In certain situations where a person has a large retirement plan account, such as an IRA, and a substantial estate…
Read MoreThe Weekly Scenario: How to Avoid Unintentionally Disinheriting a Family Member
When an account owner dies, the assets go directly to the beneficiaries named on the account. This overrides the will…
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