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What You Need to Know About Estate Taxes

June 26, 2015
Estate Planning

It can be hard enough to plan your estate, but then you realize that you may also have to worry about estate taxes! There are federal estate taxes, Maryland estate taxes, Maryland inheritance taxes, and other important factors you may need to take into account when planning your estate, whether you use a simple Will […]

When Should You Start Thinking About Estate Planning?

May 18, 2015
Estate Planning

Estate planning is not a topic that causally pops up in our daily conversations. In fact, it is a bit unsettling to plan beyond your own lifespan. Nonetheless, every adult needs an effective estate plan, and as a Maryland estate planning attorney, DK Rus Law has helped many Maryland residents put one in place. If […]

Is it Time to Amend Your Will?

April 20, 2015
Wills

A Will is formally known as The Last Will and Testament. The word “last” is used on purpose, because in our lifetime we may have many different (often contradicting) plans on what to do with our estate. A Will might give an impression of a set-in-stone type of document, but it is actually rather flexible […]

5 Questions to Ask Your Estate Planning Attorney

March 27, 2015
Estate Planning

There are many qualified estate planning attorneys in Maryland, and many ways to locate them, both online and offline. But how do you choose the right one? And what should you ask them when you call for an appointment? To make this task a bit easier, we’ve put together a list of questions you should […]

Tempted To Use an Online Legal Service to Form Your Business?

March 2, 2015
General

When you are starting your own business, every dollar counts, and so the lure of an online legal substitute website is tempting. We’ve all seen the ads: “Form your LLC for $99!” But are such legal websites really the bargain they claim to be? I had the opportunity recently to see how these websites work […]

3 Reasons to Use an Attorney to Write Your Will

February 26, 2015
Wills

There are plenty of DIY estate planning software, kits and templates around that allow people to create legal documents like Wills from the comfort of their own home. This might sound like a tempting idea—you don’t have to go anywhere and you can save some money on attorney fees, right? Unfortunately, it may not be […]

The Second Biggest Mistake In Estate Planning

February 24, 2015
Estate Planning

Recently, a client came to me with an unfortunate situation—his mother had died, leaving him her house. Although the house had been appraised at $350,000 when he inherited it, at sale two years later the house only brought $300,000. This was bad enough, but at least he got a $50,000 tax loss on the sale, […]

Estate Planning: The Benefits of a Trust

January 11, 2015
Estate Planning

We have all heard of the Last Will and Testament. Maybe you have one yourself, or have been named in someone else’s Will. But what about a Trust? A Trust is an alternative to a Will, but not many people are familiar with or understand what it does and does not do. A Trust will […]

Good News for Parents With Special Needs Children

January 7, 2015
Legislation

On December 16th the Congress passed the Achieving a Better Life Experience (ABLE) Act that aims to lessen the financial burden faced by individuals with disabilities and their caregivers. The ABLE Act permits creation of tax-free savings accounts similar to the Section 529 college savings plans. This piece of legislation allows individual states to establish […]

Why Hire a Maryland Estate Planning Attorney

December 29, 2014
Estate Planning

The word “estate planning” sounds like something from medieval England or colonial South—are you picturing plantation homes, castles and unimaginable wealth? However, the definition of “estate” actually goes like this: “the interest of a particular degree, nature, quality, or extent that one has in land or other property.” Therefore, most people on this planet have […]

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