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Blended families and the challenges of asset distribution
Trust and estate attorneys are starting to hear more often from members of blended families unhappy about the distribution of assets after an elder’s death.
MD’s inheritance tax – targeting unintended families
Inheritance tax seems like a fine idea, but there is often an unintended consequence that negatively affects certain Maryland families.
Why investing in a Trump Account could complicate your taxes
Parents who put money into their children’s “Trump Accounts” might face a headache come tax time; tax experts have raised concerns.
Why Moore’s plan to reform MD’s wealth transfer taxes ran aground
Gov. Wes Moore‘s proposal to end Maryland’s status as the only state with two taxes on the transfer of wealth after death failed this year.
Moore’s estate tax proposal prompts concern among planners, clients
Some legislators, estate planners and their clients are fearful that lowering the estate tax exemption will subject more middle-class filers to the tax.
Comptroller wins marital trust estate tax case at high court
John Wilson Taylor thought ahead. Seven years before his death, he drafted a will calling for the creation of a marital trust for his wife consisting of 11 parcels of […]
Here’s why Republicans want to repeal the estate tax
Congressional Republicans have narrowed the estate tax so much that it affects only about 5,500 wealthy American households a year. Now they want to eliminate the tax altogether — with […]
Md. Senate passes estate tax
The Senate gave final approval Thursday to a bill that, when fully phased in, will recouple Maryland's estate tax rate with that of the federal government.
Higher estate tax exemption moving forward in Md.
A measure to raise the amount of money exempted from estate taxes in Maryland is moving forward in the Legislature.
House raises estate tax exemption; Mizeur protests
With a bipartisan vote of 120-13, the House of Delegates passed a bill Friday to raise the estate tax exemption threshold over the next five years.
Franchot warns of scam aimed at estate tax filers
Maryland Comptroller Peter Franchot issued a warning Wednesday to Maryland residents about fraudulent notices sent to estate tax filers from a company alleging to be a collections firm working for his office.
Senate moves to exempt Maryland family farms from estate tax
A bipartisan group of Senate leaders is backing legislation that would exempt family farms from Maryland‘s estate tax. “When someone who owns a farm passes, so often the farm is […]
