Category: Estates and Trusts
Recently, we heard from a former client who had a harrowing tale to share. The Sad But True Story Our client’s elderly Father was found unresponsive on the floor of his home by his caregiver. The caregiver immediately called EMS. The caregiver’s next call was…
One of the most frequent topics of conversation among estate planning attorneys in recent years (yes, we are sometimes boring) has now been resolved. On December 31, 2025, like Cinderella’s coach turning into a pumpkin, the federal estate tax exemption was scheduled to nearly halve….
In an area where real estate is a highly valuable—and often appreciating—asset, holding residential properties as income-producing rentals is not uncommon. What should you know if you are thinking of renting out your property from a business planning and estate planning perspective? Liability Considerations At…
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…
