Income Taxes to file for a Deceased Person
September 24, 2025
Do I file 2018 tax returns for my father? He passed away in October 2018.
Downs Law Firm, P.C.
Estate Tax
Maryland’s Proposed Inheritance Tax and Estate Tax Changes
January 27, 2025
While this proposal is still subject to legislative approval, if enacted, it would expand the number of estates subject to Maryland estate tax, potentially increasing the tax burden on families and heirs. If your assets exceed $2 million, now is the time to reassess your estate plan and consider tax-saving strategies.
Top Reasons To Have A Will
February 1, 2024
In the realm of estate planning, a common adage rings true: “Failing to plan is planning to fail.” As an experienced estate planning attorney, I’ve witnessed firsthand the turmoil and heartache that can ensue when individuals neglect the crucial step of…
Problems with Gifting and Joint Ownership
June 19, 2023
There is a popular misperception among many seniors that in order to protect their assets from creditors, including the cost of nursing home care, they should consider gifting their assets to their children.
Prepare for Coming Estate Tax Changes
June 14, 2023
One of the most significant changes Americans will soon see is the sunsetting of tax laws under the Tax Cuts and Jobs Act (TCJA) of 2017.
How to File Income Tax for a Decedent
February 22, 2022
No one likes doing taxes, but the task is even more daunting when filing a return for someone who has died.
Death of Prince’s Brother Impacts His Estate
October 5, 2021
John R. Nelson was Prince’s brother and oldest brother. He was born in 1944.
Should I agree to Be an Executor of an Estate?
September 22, 2021
Usually when asked to be the executor of a family member’s estate, the person feels honored and trusted. It’s a big responsibility, since the executor will be carrying out a person’s final wishes.
My Estate is Beneficiary of My IRA
March 30, 2021
When an estate is named beneficiary of an IRA, what is the method of distributing it to one individual in the most tax-effective way?
Searching for Lower Taxes? Check State Laws
October 1, 2020
Some states are great to live in, but not so great to die in.
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