by Jeff Rogyom | Feb 28, 2023 | Maryland Estate Planning, Uncategorized
Testamentary Trusts Trusts with the ease of a last will and testament Maryland Testamentary Trust Lawyer Many clients would like to have some benefits of a trust but also want the simplicity of setting up a last will and testament. Using a testamentary...
by Jeff Rogyom | Aug 22, 2022 | Business Planning & Corporate Law, Buying & Selling A Maryland Business, Maryland Estate Planning, Tax - Federal Corporate, Tax - Federal Income, Tax - Maryland, Tax - State Corporate, Tax - State Income
Persons holding equity interests in a business can use a buy-sell agreement to ensure the continuity of the business and to solidify their expectations regarding the taxes, rights, and obligations of each party. The buy-sell agreement can dictate the method by which...
by Jeff Rogyom | Nov 16, 2019 | Maryland Estate Planning, Maryland Trusts
If you have assets you anticipate will increase in value, you can “freeze” the value of those assets for estate tax purposes with an Intentionally Defective Grantor Trust, an “IDGT”. Most wonder why they would want an “intentionally defective” anything, but it...
by Jeff Rogyom | Apr 22, 2019 | Maryland Estate Planning, Maryland Probate, Maryland Trusts, Tax - Estate, Tax - Maryland, Uncategorized
It’s common to hear Maryland trust attorneys and others refer to trusts, but you may not know exactly what they are or why they are needed. A trust has a separate legal identity from both the person who formed it and the people it is benefiting, like a corporation or...
by Jeff Rogyom | Feb 17, 2019 | Maryland Estate Planning, Maryland Probate
Probate is the process by which a deceased person’s financial affairs are concluded, their debts are paid and then their assets are transferred to their heirs. Because many pass away with minimal assets needing to go through the probate process, the State of Maryland...
by Jeff Rogyom | Dec 30, 2014 | Maryland Estate Planning, Maryland Probate, Tax - Estate, Tax - Maryland
If your family will likely incur estate taxes upon your death or want to protect your family after you’re gone, would will want to consider setting up an irrevocable life insurance trust (ILIT). An ILIT provides a way to pass on wealth without incurring estate taxes,...
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