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As part of the government’s efforts to crack down on financial crimes such as money laundering, tax evasion, and the financing of terrorism, almost all Limited Liability Companies (“LLCs”), corporations, limited partnerships, and other closely held entities will be required to file a beneficial information report (“BOI”). [...]
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Pursuant to Maryland Senate Bill 792 which takes effect October 1st , Maryland will be one of a few states that recognizes domestic partnerships as a distinct status for couples who wish to share their lives with each other without the ties of a civil union or marriage. Until now, the relationship status has been […]
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With the conclusion of the 2022 Maryland legislative session, there are several estates and trusts law changes – from the rules involving remote and electronic execution of estate planning documents, to changes regarding RULONA, and the signing of Maryland’s new Supported Decision-Making Statute. Below are 7 key takeaways related to estate planning from this year’s […]
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To keep our clients and readers up to date on the legislation passed during the 2022 Maryland General Assembly Session, we have compiled a list of relevant developments and changes with further context and explanation. This year brought significant changes to the administration and notarization of estate planning documents, as well as greater freedoms and […]
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At Sessa & Dorsey, one of our goals is to keep our clients up to date on the latest news and trends on anything estates and trusts related—including tax laws. As of January 1st, there is a small change to the federal gift and estate tax exemptions. Additionally, with the inauguration of the new president […]
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On April 10, 2020, Governor Hogan signed an Executive Order for the state of Maryland allowing remote witnesses and electronic signatures for Wills, Powers of Attorney, and Advance Directives. This Executive Order is vital to finalizing estate planning documents without jeopardizing the health and safety of the signer, witnesses, and attorneys. The Executive Order will […]
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