New Estate and Gift Tax Exemption Levels for Maryland

The IRS recently announced an increase in federal estate and gift tax exemptions for 2025. While this change will mainly impact high-net-worth individuals, this may be a good time for you to revisit and reconsider your strategies for transferring wealth moving forward. The federal estate tax is a tax imposed on any transfer of […]
Posted by reichertlegal
- Posted in Estate Planning Annapolis Maryland, Estate Planning Anne Arundel County Maryland, Estate Planning Attorney Pikesville Maryland, Estate Planning Baltimore County, Estate Planning Baltimore Maryland, Estate Planning Carroll County Maryland, Estate Planning Columbia Maryland, Estate Planning Frederick Maryland, Estate Planning Glen Burnie Maryland, Estate Planning Howard County, Estate Planning Montgomery County Maryland, Uncategorized
Dec, 06, 2024
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What Should I Do with My Estate Plan If One of My Children Provides Most of the Caregiving?

In many instances, most of the caregiving may fall to one of your children. This could be due to several circumstances, most often proximity. If you are in this situation, you may have asked yourself how to fairly acknowledge the caregiving load one child has carried over another. Here are some strategies to consider […]
Posted by reichertlegal
- Posted in Estate Planning Annapolis Maryland, Estate Planning Anne Arundel County Maryland, Estate Planning Baltimore County, Estate Planning Baltimore Maryland, Estate Planning Carroll County Maryland, Estate Planning Columbia Maryland, Estate Planning Hagerstown Maryland, Estate Planning Howard County, Estate Planning Montgomery County Maryland, Estate Planning Prince George's County Maryland
Jul, 11, 2024
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Can a Will Be Signed or Changed By Someone with Dementia?

One common question we receive is whether a person with dementia may sign or update their last will and testament. For a will to be considered valid, the signee must have “testamentary capacity.” In other words, a person must be mentally competent enough to understand the implications of what they are signing. For a person […]
Posted by reichertlegal
- Posted in Estate Planning Annapolis Maryland, Estate Planning Baltimore County, Estate Planning Baltimore Maryland, Estate Planning Carroll County Maryland, Estate Planning Columbia Maryland, Estate Planning Rockville Maryland, Estate Planning Silver Spring Maryland, Uncategorized, Wills & Trusts Silver Spring Maryland, Wills Baltimore Maryland, Wills Columbia Maryland
Jul, 14, 2023
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Do I Need a Bond for the Personal Representative of my Maryland Estate?

Whether or not you need a bond for your personal representative depends on your specific circumstances. Generally, a personal representative bond is a surety bond to protect the beneficiaries of the estate against fiduciary misconduct. If the bond is in the form of an insurance, then there also needs to be a power of attorney […]
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- Posted in Estate Administration Attorney Maryland, Estate Administration Baltimore County Maryland, Estate Administration Baltimore Maryland, Estate Administration Carroll County Maryland, Estate Administration Chillum Maryland, Estate Administration Clinton Maryland, Estate Administration Frederick Maryland, Estate Administration Glassmanor Maryland, Estate Administration Harford County Maryland, Estate Administration Howard County Maryland, Estate Administration Lawyer Maryland, Estate Administration Maryland, Estate Administration Montgomery County Maryland, Estate Administration Olney Maryland, Estate Administration Prince George's County, Estate Planning Annapolis Maryland, Estate Planning Anne Arundel County Maryland, Estate Planning Carroll County Maryland, Estate Planning Hagerstown Maryland, Estate Planning Rockville Maryland, Estate Planning Silver Spring Maryland
Feb, 18, 2020
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For How Long is a Maryland Will Valid?

As a general rule, a will governs the distribution of assets only after the testator dies. Any changes to a will that are made during the testator’s lifetime will be valid. A will is not active until the owner of the assets passes. For example, if a testator wills her home to her son, but […]
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- Posted in Estate Administration Attorney Maryland, Estate Administration Baltimore County Maryland, Estate Administration Baltimore Maryland, Estate Administration Harford County Maryland, Estate Administration Montgomery County Maryland, Estate Planning Annapolis Maryland, Estate Planning Anne Arundel County Maryland, Estate Planning Aspen Hill Maryland, Estate Planning Attorney North Bethesda Maryland, Estate Planning Attorney Pikesville Maryland, Estate Planning Baltimore County, Estate Planning Baltimore Maryland, Estate Planning Bel Air Maryland, Estate Planning Bethesda Maryland, Estate Planning Bowie Maryland, Estate Planning Carroll County, Estate Planning Carroll County Maryland, Estate Planning Catonsville Maryland, Estate Planning Chillum Maryland, Estate Planning Clinton Maryland, Estate Planning Columbia Maryland, Estate Planning Dundalk Maryland, Estate Planning Ellicott City Maryland, Estate Planning Essex Maryland, Estate Planning Frederick Maryland, Estate Planning Germantown Maryland, Estate Planning Rockville Maryland, Wills & Trusts Baltimore Maryland, Wills & Trusts Carroll County Maryland, Wills & Trusts Ellicott City Maryland, Wills & Trusts Glen Burnie Maryland, Wills & Trusts Hagerstown Maryland, Wills & Trusts Lawyer Montgomery Maryland, Wills & Trusts Maryland, Wills & Trusts Pikesville Maryland, Wills & Trusts Silver Spring Maryland, Wills Baltimore Maryland, Wills Columbia Maryland
Aug, 09, 2019
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What is Common Law Marriage and Does it Exist in Maryland?
Common Law Marriage is a framework for individuals who are legally married in certain states without actually being formally recognized as married by the state. Typically these laws refer to couples who have cohabitated, or lived together for a certain amount of years. The requirements to achieve this threshold is different from state to state. […]
Read MorePosted by reichertlegal
- Posted in Estate Planning Annapolis Maryland, Estate Planning Anne Arundel County Maryland, Estate Planning Aspen Hill Maryland, Estate Planning Attorney North Bethesda Maryland, Estate Planning Attorney Pikesville Maryland, Estate Planning Baltimore County, Estate Planning Baltimore Maryland, Estate Planning Bel Air Maryland, Estate Planning Bethesda Maryland, Estate Planning Bowie Maryland, Estate Planning Carroll County, Estate Planning Carroll County Maryland, Estate Planning Catonsville Maryland, Estate Planning Chillum Maryland, Estate Planning Clinton Maryland, Estate Planning Columbia Maryland, Estate Planning Dundalk Maryland, Estate Planning Ellicott City Maryland, Estate Planning Essex Maryland, Estate Planning Frederick Maryland, Estate Planning Germantown Maryland, Estate Planning Glassmanor Maryland, Estate Planning Glen Burnie Maryland, Estate Planning Glenmont Maryland, Estate Planning Hagerstown Maryland, Estate Planning Howard County, Estate Planning Maryland, Estate Planning Montgomery County Maryland, Estate Planning North Bethesda Maryland, Estate Planning Odenton Maryland, Estate Planning Olney Maryland, Estate Planning Oxon Hill Maryland, Estate Planning Parkville Maryland, Estate Planning Potomac Maryland, Estate Planning Prince George's County Maryland, Estate Planning Randallstown Maryland, Estate Planning Rockville Maryland, Estate Planning Severn Maryland, Estate Planning Severna Park, Estate Planning Silver Spring Maryland, Estate Planning Waldorf Maryland, Estate Planning Wheaton Maryland, Estate Planning Woodlawn Maryland, Family Lawyer Baltimore Maryland
Mar, 14, 2019
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Maryland Estate Planning: How Do I Obtain Power of Attorney?

In order to obtain power of attorney you must have the Principle decide the amount of power they wish to give. There are different types of power that falls into broad categories of Financial and Healthcare. For each of these powers to be granted, separate documents must be created. The General and Limited Power of […]
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- Posted in Estate Planning Annapolis Maryland, Estate Planning Anne Arundel County Maryland, Estate Planning Aspen Hill Maryland, Estate Planning Attorney North Bethesda Maryland, Estate Planning Attorney Pikesville Maryland, Estate Planning Baltimore County, Estate Planning Baltimore Maryland, Estate Planning Bel Air Maryland, Estate Planning Bethesda Maryland, Estate Planning Bowie Maryland, Estate Planning Carroll County, Estate Planning Carroll County Maryland, Estate Planning Catonsville Maryland, Estate Planning Chillum Maryland, Estate Planning Clinton Maryland, Estate Planning Columbia Maryland, Estate Planning Dundalk Maryland, Estate Planning Ellicott City Maryland, Estate Planning Essex Maryland, Estate Planning Frederick Maryland, Estate Planning Germantown Maryland, Estate Planning Glassmanor Maryland, Estate Planning Glen Burnie Maryland, Estate Planning Glenmont Maryland, Estate Planning Hagerstown Maryland, Estate Planning Howard County, Estate Planning Maryland, Estate Planning Montgomery County Maryland, Estate Planning North Bethesda Maryland, Estate Planning Odenton Maryland, Estate Planning Olney Maryland, Estate Planning Oxon Hill Maryland, Estate Planning Parkville Maryland, Estate Planning Potomac Maryland, Estate Planning Prince George's County Maryland, Estate Planning Randallstown Maryland, Estate Planning Rockville Maryland, Estate Planning Severn Maryland, Estate Planning Severna Park, Estate Planning Silver Spring Maryland, Estate Planning Waldorf Maryland, Estate Planning Wheaton Maryland, Estate Planning Woodlawn Maryland
Jun, 12, 2018
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Can a Personal Representative Designated in a Will Act Before the Principal’s Death?

A Personal Representative has no power to do anything before death. Only a Power of Attorney or court appointed guardian can act during the principal’s lifetime. As such, it is important to meet with a lawyer and execute the proper Power of Attorney documents before such an individual is needed, rather than later when issues […]
Read MorePosted by reichertlegal
- Posted in Attorney Maryland, Estate Planning Annapolis Maryland, Estate Planning Anne Arundel County Maryland, Estate Planning Aspen Hill Maryland, Estate Planning Attorney North Bethesda Maryland, Estate Planning Attorney Pikesville Maryland, Estate Planning Baltimore County, Estate Planning Baltimore Maryland, Estate Planning Bel Air Maryland, Estate Planning Bethesda Maryland, Estate Planning Bowie Maryland, Estate Planning Carroll County, Estate Planning Carroll County Maryland, Estate Planning Catonsville Maryland, Estate Planning Chillum Maryland, Estate Planning Clinton Maryland, Estate Planning Columbia Maryland, Estate Planning Dundalk Maryland, Estate Planning Ellicott City Maryland, Estate Planning Essex Maryland, Estate Planning Frederick Maryland, Estate Planning Germantown Maryland, Estate Planning Glassmanor Maryland, Estate Planning Glen Burnie Maryland, Estate Planning Glenmont Maryland, Estate Planning Hagerstown Maryland, Estate Planning Howard County, Estate Planning Maryland, Estate Planning Montgomery County Maryland, Estate Planning North Bethesda Maryland, Estate Planning Odenton Maryland, Estate Planning Olney Maryland, Estate Planning Oxon Hill Maryland, Estate Planning Parkville Maryland, Estate Planning Potomac Maryland, Estate Planning Prince George's County Maryland, Estate Planning Randallstown Maryland, Estate Planning Rockville Maryland, Estate Planning Severn Maryland, Estate Planning Severna Park, Estate Planning Silver Spring Maryland, Estate Planning Waldorf Maryland, Estate Planning Wheaton Maryland, Estate Planning Woodlawn Maryland, Power of Attorney Anne Arundel County Maryland, Power of Attorney Attorney Maryland, Power of Attorney Baltimore Maryland, Power of Attorney Carroll County Maryland, Power of Attorney Frederick Maryland, Power of Attorney Harford County Maryland, Power of Attorney Howard County Maryland, Power of Attorney Maryland, Power of Attorney Montgomery County Power of Attorney, Power of Attorney North Bethesda Maryland, Power of Attorney Parkville Maryland
Mar, 16, 2018
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Eldersburg, Maryland Estate Planning: File a Will

Maryland law allows Wills to be filed with the county in which you live. As an estate planning attorney who works in Carroll County, I have encountered clients who have failed (or their attorney failed) to file their Will with the county. This is a critical final step in the Will creation process as it […]
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- Posted in Attorney Carroll County Maryland, Attorney Eldersburg Maryland, Attorney Maryland, Estate Administration Attorney Maryland, Estate Administration Carroll County Maryland, Estate Planning Carroll County, Estate Planning Carroll County Maryland, Probate Carroll County Maryland, Wills & Trusts Carroll County Maryland
Jan, 08, 2017
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Maryland Estate Planning for Pets: Pet Trusts

I occasionally have clients inquire about making estate planning provisions for their pets. Under Maryland law this can be accomplished with the right estate plan. You can make provisions for your pet within your Maryland Last Will and Testament. Another approach is to create a Maryland Pet Trust. This type of trust is created specifically […]
Read MorePosted by reichertlegal
- Posted in Animal Trust Maryland, Attorney Maryland, Estate Planning Annapolis Maryland, Estate Planning Anne Arundel County Maryland, Estate Planning Baltimore Maryland, Estate Planning Carroll County Maryland, Estate Planning Frederick Maryland, Estate Planning Howard County, Estate Planning Maryland, Estate Planning Montgomery County Maryland, Estate Planning Prince George's County Maryland, Estate Planning Silver Spring Maryland, Pet Trust Maryland, Trusts Attorney Baltimore Maryland, Trusts Attorney Maryland, Wills & Trusts Maryland
May, 04, 2016
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