One of the goals of estate planning is to minimize the impact of taxes while maximizing the size of the estate. This way, heirs and beneficiaries of the estate are not stuck with a tax bill that they cannot pay without liquidating much of what they are supposed to inherit. However, estate administration may become somewhat easier for some Maryland residents if legislators pass a bill that is currently before the House Ways and Means Committee.
As the world mourns the loss of Whitney Houston, her fans have continued to purchase her music, earning money for her estate. Like many celebrity deaths, Houston's posthumous career could continue to make her daughter and other members of her estate a significant amount of money. While most Maryland residents can't hope to make the millions of dollars that Houston could potentially earn, through proper estate administration, business owners in Frederick County may be able to continue to provide for their loved ones in death.