Author: Symmetry Manager | Date:
Christine held both administrative and classroom positions in the school system for many years before moving on to work directly with youth and families in the community. She brings the relational and professional skills gained by her past responsibilities to provide a positive and productive experience for Bagley & Rhody clients.
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ATTENTION ALL NON-MARYLAND RESIDENTS OWNING REAL PROPERTY IN MARYLAND: If you are a non-Maryland resident who owns real property in Maryland, your Estate may be subject to a 1% Foreign Estate Fee that came into effect in 2022. If you own real property in Maryland in your name alone (not in Trust or other entity) […]
Read MoreAuthor: Symmetry Manager | Date:
Attention residents of Maryland: There are significant impending modifications regarding the distribution of estates for individuals who pass away without a will. See below for more information. (Click the image above to download the PDF).
Read MoreAuthor: Bagley & Rhody | Date:
DOMESTIC PARTNER INHERITANCE TAX UPDATE CODE, EST. & TRUSTS § 2-214(g)(1) In the past, unmarried couples (domestic partners) in Maryland were affected by a specific tax called the Maryland Inheritance Tax. Since the individuals were not legally married, they did not qualify for the inheritance tax exemption, thus subjecting the surviving partner to a 10% […]
Read MoreAuthor: Matthew S. Ballard | Date:
In the Spring of 2003, heading into the summer between my 2nd and 3rd year of law school, I applied for an estates and trusts litigation law clerk position at a small firm in Annapolis Maryland. I met with the firm’s partners, John Rhody and Charlie Bagley, in 2003 for my interview. My parents happened […]
Read MoreAuthor: Bagley & Rhody | Date:
Bagley & Rhody, P.C. is pleased to announce the promotion of Jon F. Watson, Esquire and Brittney A. Grizzanti, Esquire, as partners to the firm effective as of January 1, 2023. Jon and Brittney’s exceptional legal skills and commitment to delivering outstanding results for their clients have made each a valuable member of the B&R […]
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Read MoreAuthor: Nicholas P. Crivella | Date:
Due to built-in inflation adjustments to the Federal Estate and Gift Tax Exemptions, Taxpayers will have the opportunity to transfer more assets in 2023, free from the Federal Estate and Gift Tax. Here are some quick facts you should know: In 2023, the Federal Estate Tax Exemption will jump to $12.92 million (up from $12.06 […]
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Read MoreAuthor: Matthew S. Ballard | Date:
As the impact of COVID-19 evolves, our firm continues to update its operating procedures to protect the health and safety of our employees, their families, our clients, and friends. We are no longer requiring masks to be worn inside our office. We do encourage the unvaccinated and immunocompromised to stay masked. We ask anyone with […]
Read MoreAuthor: Matthew S. Ballard | Date:
As the impact of COVID-19 evolves, our firm continues to update its operating procedures to protect the health and safety of our employees, their families, our clients, and friends. We are no longer requiring masks to be worn inside our office. We do encourage the unvaccinated and immunocompromised to stay masked. We ask anyone with […]
Read MoreAuthor: Nicholas P. Crivella | Date:
President Biden presented his revised framework for the Build Back Better reconciliation package this morning, eliminating the previously proposed revisions to the Federal Estate Tax laws that were part of the previous versions of the package, including (1) the accelerated drop in the Federal Estate Tax Exemption from $11.7 million to $6 million beginning as of […]
Read MoreAuthor: Victoria L. Lucido | Date:
What is the Elective Share? The Elective Share is a statutory amount of a Decedent’s Estate that a surviving spouse is entitled to receive under Maryland law. The surviving spouse is entitled to the statutorily set amount of the Decedent’s Estate even if the Decedent’s estate planning sought to disinherit the spouse or provided a […]
Read MoreAuthor: Wick Dudley | Date:
What is the Maryland SAFE Act? The SAFE Act, which was passed unanimously by Maryland legislature in 2021, goes into effect on October 1, 2021. It authorizes the Attorney General’s Office to take certain actions, including filing suit, on behalf of susceptible adults and older adults, and creates a new civil cause of action for […]
Read MoreAuthor: Nicholas P. Crivella | Date:
Please review and complete the attached Estate Planning Organizer in advance of your introductory estate planning meeting. Family names and contact information, along with a breakdown of your assets/liabilities are most relevant for estate planning purposes. If you maintain a listing of assets in a separate format, please feel free to forward that list as […]
Read MoreAuthor: Matthew S. Ballard | Date:
This year, when many will not be able to spend the holidays with loved ones because of COVID-19 fears or restrictions, the thoughts and memories of family gatherings at the holidays will likely bring both joy and sadness. Not all families, however, associate the holidays with harmonious family gatherings. In recent years, the litigators at […]
Read MoreAuthor: Nicholas P. Crivella | Date:
Many high net worth clients are taking advantage of the heightened Federal Estate/Gift Tax exemption through lifetime giving to their intended beneficiaries (or a trust for their benefit) prior to any planned (or unplanned) drop in the Federal Estate/Gift Tax exemption. Background: The Tax Cuts and Jobs Act (TCJA) enacted by President Trump in 2017 […]
Read MoreAuthor: Bagley & Rhody | Date:
The coronavirus (“COVID-19”) pandemic has raised concerns and wide-ranging issues for many small businesses which continue to impact day-to-day operations and will likely persist for the foreseeable future. During this unprecedented time, Bagley & Rhody, P.C. remains ready, willing, and able to serve our clients and community. Our attorneys continue to closely monitor the legal implications for […]
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It is often said that you must be appreciative of your past before looking forward to your future. We are grateful for those around us, appreciative of what we have accomplished, and hopeful for what we will become. First and foremost, we are immensely thankful for the strong foundation laid for the firm by Charlie […]
Read MoreAuthor: Bagley & Rhody | Date:
EXECUTIVE SUMMARY Congress recently enacted legislation that will expedite Required Minimum Distributions that must be paid from inherited retirement accounts which will accelerate income tax liability. Additionally, if inherited retirement accounts are payable to a trust for the benefit of a beneficiary, this new legislation can cause unplanned outright distributions of trust assets to such […]
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Bagley & Rhody is a boutique law firm focusing on estates, trusts, and business-related matters.
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Annapolis, Maryland 21401
Phone: 410-573-1626
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