Tom Downs

About Tom Downs

Tom Downs is an Estate Planning and Elder law Attorney licensed to practice in Maryland and the District of Columbia.

Maryland Trust Law Revisons

THE UPDATE MARYLAND TRUST LAW
In January of 2015, an reorganization of the Maryland Trust law became effective.  Included in that effort were significant changes in the rules of how trusts are to be administered.

A summary of this new law follows and what I see as having a major impact on people who are beneficiaries […]

By |March 19th, 2016|Trust Administration|Comments Off on Maryland Trust Law Revisons

Maryland Estate Tax Changes, and the need to revisit tax planning

THE MARYLAND LEGISLATURE IN 2014 PASSED A NEW LAW WHICH MAKES SUBSTANTIAL CHANGES TO THE MARYLAND ESTATE TAX

This change has an impact on one of the two Maryland “Death Taxes,” which are:

1. Maryland Inheritance Tax: Maryland has an inheritance tax if a Maryland resident leaves assets valued at over $1,000 to a beneficiary who […]

By |March 19th, 2016|Tax Planning|Comments Off on Maryland Estate Tax Changes, and the need to revisit tax planning