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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When someone passes away in Maryland, their estate typically goes through probate, but if the deceased person owned real estate or other assets in another state, ancillary probate may be required to transfer ownership of those assets to their heirs or legatees. The primary probate process occurs in the state where the deceased person […]

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Posted in Probate Attorney Baltimore Maryland, Probate Attorney Columbia Maryland, Probate Attorney Pikesville Maryland, Probate Law Baltimore Maryland, Probate Law Baltimore Maryland, Probate Lawyer Anne Arundel County, Probate Lawyer Maryland, Probate Montgomery County Maryland, Probate Prince George's County Maryland, Probate Prince George's Maryland, Uncategorized
Mar, 15, 2024
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Determining the Value of an Estate in Maryland

Understanding how an estate is valued is a crucial step in the probate process. In the state of Maryland, the valuation of an estate involves several considerations, and navigating these complexities is important for both the Personal Representative and the beneficiaries. Appraisal of Assets One of the primary steps in estate valuation is […]

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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. […]

Post Tagged withAnne Arundel Estate Planning, Baltimore Estate Planning, Baltimore Wills, Estate Planning Attorney, Glen Burnie Estate Planning, Maryland Wills, MD Estate Attorney, MD Estate Planning

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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The answer to this question depends, first, on what kind of estate planning (if any) you have done. If you have a will or a trust in place, you have already named your beneficiaries. But unless you have named alternate beneficiaries in your will or trust, you will have little control over where a […]

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Posted by reichertlegal
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Aug, 17, 2023
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Can I Include My Pet as Part of My Estate Plan?

In the unfortunate event that you become incapacitated or pass way, ensuring the safety and well-being of your pet is an important consideration. Maryland law considers pets “property” and are treated as such, which is why many pet owners choose to create a pet trust. A pet trust enables you to designate a person […]

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Posted by reichertlegal
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Aug, 10, 2023
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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 […]

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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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Maryland Estate Planning Terms Defined

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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