Downs Law Firm, P.C.

Laurel Maryland Estate Planning Blog

inheritance and divorce

An Inheritance and Divorce?

An issue that frequently arises is the treatment of an inheritance received by a spouse during the marriage. The basic rule is that any property received via gift or inheritance during the marriage is exempt from equitable distribution.

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trust beneficiary pays income taxes

Does a Trust Beneficiary Pay Income Taxes?

Beneficiaries of a trust typically pay taxes on the distributions they receive from the trust’s income rather than the trust itself paying the tax. However, such beneficiaries are not subject to taxes on distributions from the trust’s principal.

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Aging in place

Are You Prepared for Aging In Place?

‘Aging in place’ is what most of us want—to stay home in our comfortable environment as we age and receive care in the home when needed rather than moving to a nursing home or assisted living facility.

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Sharing passwords

Sharing Legal Documents and Passwords

Safe and shareable password storage is vital in today’s computerized world. The old solution–writing down passwords on paper set next to your keyboard–is not safe, not adequate, and not shareable.

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