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Category Archives: Estate Succession Planning

EstPlan14

Maryland Adopts Changes to Spousal “Elective Share” Rules

By Henault & Sysko Chartered |

The Maryland legislature recently made significant changes to the state’s “elective share” law. The elective share refers to the right of a surviving spouse to receive a share of their deceased spouse’s estate, notwithstanding the provisions of the deceased spouse’s will (or intestate succession law if there is no will). Under existing law, the… Read More »

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Inherit

Will My Heirs Have to Pay Maryland’s Inheritance Tax?

By Henault & Sysko Chartered |

Maryland is one of the few states to collect an inheritance tax as part of the probate process. This means that you need to be aware of what types of inheritances are considered taxable as part of your own estate and succession planning. And while the prospect of your heirs paying any tax at… Read More »

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EstPlan5

What Is the Difference Between Probate and Non-Probate Assets?

By Henault & Sysko Chartered |

A key concept when it comes to understanding estate and succession planning is the difference between probate and non-probate assets. Basically, a probate asset is something that passes under the terms of your last will and testament. Now, you might think that everything you own is a probate asset, but in many cases that… Read More »

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