In Maryland, estate planning is governed by specific state laws that can differ from those in other jurisdictions. For instance, Maryland has both an estate tax and an inheritance tax, whereas many states have one or neither. Additionally, Maryland has particular rules about who can serve as a personal representative, witness requirements for wills, and the nuances associated with trusts and property distribution. At Haskell & Dyer, we have an in-depth understanding of Maryland’s unique estate planning landscape, ensuring your plan is compliant and optimized for your specific needs.

Life’s milestones — whether they’re marriages, births, divorces, or even significant financial changes — can all necessitate an update to your estate plan. While there’s no one-size-fits-all answer, we generally recommend reviewing your estate plan every 3-5 years or after a significant life event. Maryland laws and regulations can also change, and staying updated ensures your plan remains effective and legally compliant. Whenever you think a change might be necessary, our team at Haskell & Dyer is here to guide you through any modifications, ensuring your estate plan remains aligned with your current circumstances and wishes.

Estate planning is not just about having documents in place; it’s about crafting a strategy that aligns with state-specific laws and regulations. Maryland has unique estate and inheritance tax considerations, among other specific rules and practices. By partnering with a local firm like Haskell & Dyer, you benefit from our expertise in Maryland’s specific legal landscape, ensuring your estate plan is both effective and compliant. We pride ourselves on offering personalized, local insights and solutions tailored to the needs of our Maryland clients.