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from Julie Garber
I have to admit, Maine has some really confusing estate tax laws (but wait until I get to Nebraska inheritance taxes next week - yikes!). And while I practiced in Maryland up until early 2004 and am familiar with its inheritance and estate tax issues, Maryland changed its estate tax laws in 2006 which has had a dramatic impact on how estate tax planning is done for Maryland residents. Aside from this, I've been busy adding some new information about funding Revocable Living Trusts.
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In the Spotlight
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Understanding Maine Estate Taxes
Beginning in 2003, Maine partially decoupled from the federal estate tax laws. What this means in 2009 is that the following rules apply...read more
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Understanding Maryland Inheritance Taxes
If you live in Maryland, then you're lucky enough to live in one of the two states that collects both a separate state inheritance tax and estate tax (the other is New Jersey). For decedents dying on or after July 1, 2000, the following rules apply with regard to the Maryland inheritance tax...read more
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Understanding Maryland Estate Taxes
If you live in Maryland, then you're lucky enough to live in one of the two states that collects both a separate state inheritance tax and estate tax (the other is New Jersey). But while Maryland is one of only seven states that collects an inheritance tax, Maryland is also one of the many states that "decoupled" from federal estate law back in 2005...read more
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