Downs Law Firm, P.C.
However, settling the second spouse’s affairs was more complex, even with advance planning. Everything from wills to banking to tax returns became more complicated.
Navigating the often complex world of inherited individual retirement accounts (IRAs) can be daunting, especially in the wake of losing a loved one.
When it comes to pets and estates, there are two main rules to understand.
Even though the death of a loved one comes with unbearable grief, there are important tasks you must carry out as soon as you’re able.
As life estate deed with reserved powers grow in popularity, it is important to discuss and understand the benefits and limitations of these deeds.
The duration and consistency of exercise is important for all adults to keep their muscles strong and flexible, and is key for a healthy heart.
There are better—and often more creative—ways to plan and divide that can avoid family squabbles over cars, jewelry, furniture and household items.
The unexpected death of comedy icon Robin Williams in 2014 set off an explosive battle over his $50 million estate.
There is a new Prince George’s County Elderly Tax Credit, which may save Seniors 20% on their tax bills. For many senior citizens residing in Prince George’s County, Maryland, the burden of property taxes can sometimes prove challenging. However, the county understands the significance of supporting its elderly residents and has introduced a valuable tax credit designed to help lessen seniors’ financial strain. Understanding the Prince George’s County Elderly Tax Credit: The Prince George’s County Elderly Tax Credit is a local initiative to relieve senior homeowners aged 65. This program has been developed to ensure that older residents can continue to afford their homes and remain part of the community they have contributed to over the years. Eligibility Criteria: To be eligible for this credit, the applicant must meet the following criteria as of June 30, 2023, to receive the credit for Fiscal Year 2024, which is tax billing period July 1, 2023 – June 30, 2024: At least one homeowner is age 65 and over, AND The same homeowner has resided at the property for which the credit is sought for at least the previous 10 fiscal years, AND The assessed value of the property does not exceed $500,000, AND The application is received by October 1, 2023. The application process for this Tax Credit can be done easily online. Click here to proceed with the process. If you are eligible, please proceed. Also, pass this on to others you know who could benefit. It may prove to be a blessing, especially for those on fixed incomes.
The long, expensive court fight over the will of soul singer Aretha Franklin provides a cautionary tale for people who want to make sure that their wishes are carried out after their death — and for their families.
Copyright © IMS. All rights reserved. You may reproduce materials available at this site for your own personal use and for non-commercial distribution. All copies must include this copyright statement. Some artwork provided under license agreement.
