By referendum, Maryland voters retained the expansion of the definition of “marriage” contained in the 2012 Act to include same sex couples, effective for marriages occurring in Maryland after the first of the year. Even before that vote, Maryland recognized same sex marriages from other jurisdictions. The Court of Appeals recognized an out-of-state same sex […]
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Trustee Release
When a personal representative or a trustee makes the final distribution to the beneficiaries, they want to be done. They do not want those beneficiaries raising questions later about the management of the estate or trust. A common practice is for personal representatives and trustees to require a release before making the final […]
Post-Mortem Partnership “Planning”
Family partnerships are an important part of estate and asset protection planning. It is no secret, of course, that the IRS has launched attacks on the valuation discounts, and the resulting tax savings, this planning achieves. Because of the close IRS scrutiny, however it is important that the plan is carefully thought out, properly […]
