Maryland increases its estate tax exemption starting in 2015
The estate tax is a tax on property (cash, real estate, stock, or other assets) transferred from deceased persons to their heirs. Only the wealthiest estates in the country pay the federal tax, because the estate’s value must exceed a specified exemption level,...Why parents with minor children need a Will
According to the September 2014 issue of Money magazine, 61% of parents with minor children do not have a Will. Without a Will, a judge will decide who will raise the minor children if both parents were to perish. With a Will, the parents can name a guardian and an...Safekeeping of Your Will in Montgomery County, Maryland
After your Will has been executed, you need to store your Will in a safe place, such as a fire-proof safe at home or a safe deposit box at a bank. There is a third option. I recommend that you deposit your Will for safekeeping with the Register of Wills. ...How to properly execute a Will in Maryland
For a Will to be valid in Maryland, it must be signed by the testator and then by two witnesses. This process is known as attestation. It begins with the testator asking a witness, either by words or by deeds, to sign the Will. The witness then attests by observing...Complimentary Case Consultation
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