6 Reasons Why Parents Need Estate Planning
As a follow up to why young married couples need estate planning, parents with young children similarly need estate planning, albeit for different reasons.
Read MorePaley Rothman shares this library of resources with clients and friends of the firm to help them stay ahead of legal and business developments and trends. Here, you will find helpful tips and tools written by our attorneys. The information in the blogs and articles is not a substitute for legal advice and should not be relied on as such. Should you have any questions or want legal advice, please contact the attorney who wrote the blog or article.
As a follow up to why young married couples need estate planning, parents with young children similarly need estate planning, albeit for different reasons.
Read MoreA lot of young couples I speak with do not seem overly concerned about getting their estate plan in place. Most do not even think about it until they are pregnant with their first child. It seems as if they feel the documents are not relevant to them at this point in their lives when they are in the beginning stages of their careers.
Read MoreJust as a happy bride may plan the details of her wedding years in advance, some clients are deciding to plan for their death in a similar way. They want to ease the burden on their loved ones during a very difficult period. Some clients have even gone so far as to plan their funeral reception in advance, leaving a long list of instructions and even a play list of their favorite songs.
Read MoreThe Maryland Senate passed a bill that increases the estate tax exemption gradually over the next 5 years, at which time the exemption will be tied to the federal exemption amount. The federal exemption is indexed for inflation, and is expected to approach $5.9 million by 2019. The House voted to pass the same legislation earlier this month. Governor Martin O’Malley is expected to sign the bill into law.
Read MoreBy now you have almost certainly heard that the U.S. Supreme Court struck down the federal definition of marriage as “marriage only between a man and a woman” in United States v. Windsor, 570 U.S. ___ (2013). As a result, same-sex spouses can now enjoy many federal benefits that were previously unavailable to them.
Read More