There are a number of states in the union that have state-level estate taxes. We practice law in the state of Maryland, and there is a state-level estate tax in our state. At the present time, the Maryland state estate tax exclusion is $1.5 million in 2015 and is set to increase over the next several years. As a result, you could be exempt from the federal estate tax, but exposed to the Maryland state estate tax.
Topics covered in this report include:
- Federal Estate Tax
- Federal Gift Tax
- State-level Estate Tax
- Maryland State Inheritance Tax
Click here to read the whole article or download the PDF.
Our firm is dedicated to providing you with quality estate planning resources, so you can become familiar with all of the existing options. When you visit or call our office, we want you to feel comfortable discussing such an important issue concerning both you and your family. We want to arm you with the information you need to make an informed decision about your family’s future.
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