The Internal Revenue Service (IRS) announced that it will be extending the filing date from April 15, 2020 to July 15, 2020. This means that Americans have an additional three months to prepare and file their tax returns.
America’s response to Covid19 includes new practices to avoid the spread of the novel Coronavirus. The most popular strategy is that of physical distancing, also known as social distancing.
There are certain life occurrences that take place which merit a prompt review of your estate planning documents and often require some updates as a result. These include:
We often hear clients ask about whether their small estate will require them to endure a typical, lengthy probate process. There are ways under Maryland statutes to avoid a full estate administration, but several factors, not just monetary value, determines whether you can qualify for Maryland’s Title 5, Subtitle 6 “Small Estates”.
Taking care of an elderly relative is hard work and time-consuming, but it can be profitable work. As a caregiver you will spend countless hours assisting loved ones with daily tasks such as cooking and cleaning, errands, driving them to appointments and keeping them safe.
Under the Affordable Care Act, Maryland Medicare beneficiaries receive a free annual wellness visit. This is not to be confused with an annual physical. The difference between the two can be extremely costly.
When someone passes away, the probate court supervises the administration of the estate by overseeing how the executor notifies creditors, pays debts and disburses the assets to the beneficiaries.
