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Archive: Client Alert

Beware of this Real Estate Scam Soliciting BDBF Clients (and the Author)

2024

Couple reviews a letter in they received in the mail

Last month, my wife and I signed our own trust. Just like nearly all of my clients who create trusts, my wife and retitled our home into our trust. In retitling our home into our trust, we signed a deed conveying title to the property from our names to the trust’s name. This deed was...

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CLIENT ALERT – Major Change to D.C. Divorce Law in 2024

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2024

CLIENT ALERT - Major Change to D.C. Divorce Law in 2024

We recently updated you on the evolution of Maryland law to expedite the finalization of divorces, including the gradual removal of the requirement for a one-year separation. And now the District of Columbia has decided to follow suit. Specifically, the D.C. Council has passed a law eliminating the separation requirement. Congress is expected to approve...

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Client Alert – 2024 Estate and Gift Tax Exemptions

2023

Client Alert - 2024 Estate and Gift Tax Exemptions

With a new year comes updated exemptions for estate tax exclusion and gift tax for 2024. What is the “estate tax exemption” and where is it going in 2024? The estate tax exemption refers to the value (or sum) of non-charitable bequests that can pass tax-free to someone other than your spouse upon your death,...

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CLIENT ALERT – The Corporate Transparency Act and What It Means For You

2023

The Corporate Transparency Act and What It Means For You

There is a significant piece of new law on the books effective January 1, 2024 that will impact all business owners, including many Bulman Dunie estate planning clients. Anecdotally, from talking to our clients who will be impacted by this change, most are not aware of this new law. The Corporate Transparency Act (the “CTA”) will...

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Who Gets Fido for Christmas This Year? “Pet Custody” Comes to Washington, D.C.

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2023

It is often difficult for divorcing couples to decide how to divide their shared pets. In both Maryland and the District of Columbia, pets are viewed under the law as “property” – just another asset to be divided along with the wedding silver. Unlike other property, the value of a pet can be difficult, if not...

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CLIENT ALERT – Move Over, Maryland!

2022

October 1 is when the majority of laws enacted by the Maryland legislature in the preceding session take effect. This year, a new law takes effect October 1 in an attempt to reduce serious personal injuries from automobile accidents. Previously, Maryland drivers only had to move over for stopped emergency vehicles and tow trucks who...

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CLIENT ALERT – New Maryland Probate and Estate Laws in October 2022

2022

October 1 is the date when the majority of laws enacted by the Maryland legislature during the preceding session take effect. While the 2022 legislative session wasn’t as busy of a legislative session as 2021 as far as the estate and trust world is concerned, there are a few new interesting Maryland laws which may...

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