by Chesapeake Wills and Trusts | Apr 13, 2021 | Asset Protection, Elder Law, Estate Plannning, General, Trusts, Wills
With the federal estate tax exemption possibly about to be lowered, it may be time to think about steps you can take to keep your estate from being taxed. An irrevocable life insurance trust allows you to pass on money to your heirs while avoiding both the federal...
by Chesapeake Wills and Trusts | Apr 8, 2021 | Asset Protection, Elder Law, Estate Plannning, General, Trusts, Wills
Vermont senator Bernie Sanders has introduced legislation that would require more estates to pay estate tax and that raises the amounts they would pay. Another proposed law would eliminate the step-up in basis that inherited assets currently enjoy. Taken...
by Chesapeake Wills and Trusts | Jan 7, 2021 | Wills
Filing with the Maryland Register of Wills can be confusing. This article discusses the Maryland register of wills forms and everything you need to know before filing. If the decedent did not have a will, read our article on intestate succession (dying without a...
by Abi | Dec 27, 2020 | Estate Planning, Probate, Wills
A question asked all the time is, “What’s the difference between the Orphans’ Court and the Registrar Wills?” In most jurisdictions within the state of Maryland they’re actually in the same place, sometimes they even use the same office...
by Greg Jimeno | Dec 19, 2019 | Estate Planning, Personal Representative, Wills
Many people are under the impression that a will is unnecessary, particularly if they assume that they do not have valuable or enough assets. The truth is that everyone needs a will, and creating one now makes things easier for your beneficiaries. Creating a will in...
by Greg Jimeno | Dec 3, 2019 | Estate Planning, Wills
The Orphan’s Court in Maryland reviews wills to determine whether or not they are in compliance with state laws. A will is legally valid when it meets all the terms and requirements of Maryland law. In the event that this analysis finds that the will was...
