| Asset Protection & Estate Planning |
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Revocable Trust: A detailed outline that serves as an introduction for tax professionals to revocable living trust planning. Orphans' Court Jurisdiction: In Maryland, the probate court is the Orphans' Court. Except for Montgomery and Harford Counties, there is a three-judge court elected by county-wide votes. In Montgomery and Harford Counties, Circuit Court judges sit as Orphans' Court judges. In all cases, it is a court of limited jurisdiction. This is a discussion of the jurisdiction issue. Payment of Estate Attorney: Several Maryland cases make clear that the Orphans' Court must approve counsel fees whether for administration or litigation services. Boilerplate: This material examines the "standard" or "boilerplate" clauses in wills and trusts. These clauses are often overlooked but can have profound planning implications. This material was developed for a CLE in January 2008 in Annapolis, Maryland. Asset Protection and Tenants by the Entirety: This paper examines the asset protection aspects of tenants by the entirety. It includes the impact of judgment lien against one, but not both, spouses or entirety property under state and bankruptcy court rule. These materials were developed as part of a CLE program presented in summer 2008 in Coeur d'Alene, Idaho. Maryland Disclaimers: This material examines the Maryland version of the uniform disclaimer of property interests acts. In particular it discusses the tax and asset protection aspects of disclaimers. This material was part of a CLE program presented in Wilmington, Delaware in September 2008. Choice of Business Entity: This paper summarizes some of the elements involved in determining which business entity may be appropriate in various situations. |