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 […]

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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 […]

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While anyone can contest your will after you have passed away, there are several things you can do to prevent them from succeeding. The first and best way to avoid a will contest is to establish a trust. This is the most common way to avoid probate and to make contesting a will difficult. […]

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A Personal Representative (aka executor) is a person appointed in an estate plan, or, when there is no will, appointed as a matter of law or by the court. This role involves ensuring that the decedent’s wishes are fulfilled when distributing assets, as well as managing the decedent’s affairs, including paying taxes and other bills. […]

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If you’re new to estate planning, you might feel overwhelmed. Any legal process can feel intimidating. In this post we will briefly define several key terms to give you a broader understanding of the subject so that, when you do decide to put an estate plan in place, you will have a better foundation. […]

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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 Columbia Maryland, Estate Planning Frederick Maryland, Estate Planning Howard County, Estate Planning Maryland, Estate Planning Montgomery County Maryland, Uncategorized
Apr, 04, 2023
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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. […]

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 […]

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 […]

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 […]

Posted 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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How to Revoke a Maryland Will

Before deciding to revoke a Will you should discuss the pros and cons with an experienced estate planning attorney. There are many good reasons to revoke a Will but this should almost always include replacing the Will with a new updated Will. Creating a new Will is an excellent way to revoke a prior Will. […]