Category: Estates and Trusts
Estate and trust attorneys (and our clients) were anxiously awaiting President Trump’s budget proposals on the estate tax. We now have some clarity going forward. Where Do Things Presently Stand Under present federal law, deceased individuals can pass an unlimited amount of wealth to a…
An estate planning attorney expects to turn on HBO Max to escape from the day-to-day issues on which we advise our clients. Yet, in an early episode of The Pitt, a medical drama set in a hospital emergency department, a common estate planning decision took a leading…
In February 2025, we gave an urgent update that Maryland appeared poised to significantly reduce its estate tax exemption from $5 million to $2 million. As discussed in the article, this move would impact thousands of Marylanders and many BDBF clients. However, as we stated,…
As we predicted in our December 2024 e-newsletter, Maryland indeed appears on the brink of significantly hiking the state estate tax imposed upon Maryland residents. Governor Wes Moore’s budget proposal, if passed by the Maryland legislature, would see thousands more Marylanders exposed to estate tax,…
Imagine receiving a call that your parent has been raced to the hospital. In addition to the fear regarding their condition, you know that you are designated as your parent’s Agent under their power of attorney. For the foreseeable future, you may be in charge…
We expect contrasting changes to federal and state estate and gift tax laws in 2025. With a new year and a Republican sweep of Congress and the White House, we expect the federal estate tax exemptions will stay the same or increase. But given the…
Previous articles in our e-newsletter have discussed incapacity planning through powers of attorney as a critical component of estate planning. However, there are a few reasons why it is especially important for people in their 20s and 30s to plan for the possibility of incapacity through powers of…
The most common reason why young families reach out to Bulman Dunie for estate planning is because they want to ensure that their children are protected should anything happen to them. An estate plan offers several mechanisms to protect and care for your children should…
At Bulman Dunie, we regularly assist clients, review their planning documents, and implement changes to their documents. Clients understandably want to limit the costs of these changes. And we share that objective! But there are times when an entirely new instrument, as opposed to a…
In a Nevada court, a drama is playing out over – of all things – an irrevocable trust. But this isn’t any irrevocable trust. It is the family trust established by Rupert Murdoch to control his media empire, including Fox News. The Background The proceedings…
