The Law Offices of Scott Alan Morrison, P.A.
Frederick
Location
301-694-6262
Hagerstown
Location
301-293-0010

Estate Administration & Probate Archives

Estate administration of agricultural property made easier by law

Agricultural homesteads in Maryland may find better protection from high estate taxes, according to a new law. The Family Farm Preservation Act was signed in by Maryland Governor Martin O'Malley in an effort to preserve the future of farming in the state and reduce death taxes on smaller farms for the families left to run the operation. Estate administration has been a challenge for the families of deceased farm owners, and the new law aims to help significantly reduce the tax burden.

Estate administration: A plan to divide personal property

As often happens, when a relative passes on, his or her family members more often than not are left with furniture, different types of collections and piles of old books and magazines from their life. Collections and items are difficult to organize. The computer age can aid Maryland residents in estate administration, by providing software to compile an inventory to figure out the value of items.

Planning out estate administration may be difficult for spouses

Planning for how your assets will be treated after you pass away is an understandably tricky proposition. That is, it is not always easy to determine how they should be divided among those left behind, which may include a spouse, children, parents and other family members. For married Maryland residents, another wrinkle may be added when it comes to making plans for estate administration.

2 Maryland legislature bills may aid estate administration

Recently, we wrote on this blog about how the Maryland legislature is considering changes to the estate tax system that could benefit family farms. However, other bills currently pending legislative action could also help ease estate administration for everyone by reducing the tax burden in certain areas. The measures are aimed toward making Maryland more competitive with other states and keeping residents from locating outside the state.

Estate administration may become easier for Maryland farmers

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.

Whitney Houston continues to earn money, even in death

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.

  • Best Of The Best The Frederick News Post
  • Bar Association Of Frederick County, Maryland
  • NAELA National Academy Of Elder Law Attorneys, Inc.
  • Maryland State Bar Association Inc.
  • Washington County Bar Association , DC Bar
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Frederick Office
141 W Patrick Street
Suite 300
Frederick, MD 21701

Phone: 301-694-6262
Fax: 301-668-8884
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Hagerstown Office
Carson Wealth
19833 Leitersburg Pike
Suite 1
Hagerstown, MD 21742

Toll Free: 866-220-5185
Phone: 301-293-0010
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