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In Maryland, estates are categorized as regular or small. Each category observes unique rules when it comes to probate. As a personal representative, you should know the processes to follow depending on the estate type you want to open. Here is what you should know:...
No one knows what tomorrow may bring. Although it can be a rather dismal subject to discuss, we are all going to die one day. When this inevitable event happens, wouldn’t you want all the things you worked for your entire life to stay in your family? This is why...
An intentionally defective grantor trust (IDGT) is a mixture of an irrevocable and a revocable trust. It takes on the characteristics of a grantor trust for income tax purposes and an irrevocable trust for reducing estate tax. Assets in an IDGT trust aren't part of...
When a person dies, the probate court will supervise the management of their assets before and during distribution. With a will, the court will follow the deceased's/decedent's wishes. But without, they will observe an orderly process to distribute assets fairly. In...
Although many people in Maryland divide their assets evenly among their heirs, others do not. However, some family members may not be happy with your decision, feeling that those who receive a larger share of your assets may have unfairly coerced you into your...