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Understanding Maryland Estate Tax Exemption for 2025
Understanding Maryland Estate Tax Exemption for 2025What Is the Maryland Estate Tax?Key Features of the Maryland Estate TaxWhat Is Portability?Planning Strategies to Maximize the Maryland Estate Tax ExemptionMaryland Inheritance Tax: A Related ConsiderationFederal and...
What to Do If Your Bank Account is Compromised: A Legal Guide
Recognizing the Signs of a Compromised Bank AccountWhat Causes Bank Account Compromises?Immediate Steps to Take When Your Bank Account is CompromisedReporting Fraud to AuthoritiesLegal Rights and ProtectionsPreventative Measures to Secure Your...
Retirement Planning with the 2025 Social Security Adjustments
Understanding the 2025 Social Security AdjustmentsKey ChangesWho Is Affected?How These Adjustments Affect Your Retirement PlanningIntegrating Social Security with Other Retirement StrategiesCommon Mistakes to AvoidNext Steps for Securing Your...
Investment Scams and Bank Accounts: How to Protect Your Assets
Understanding Investment ScamsWhat Are Investment Scams?How Scammers OperateSigns of an Investment ScamHow Investment Scams Impact Your Bank AccountHow to Protect Your AssetsReporting Investment ScamsStaying InformedResources for Fraud PreventionConclusionReferences...
How the New 2025 Contribution Limits Impact Retirement Savings
What Are Contribution Limits, and Why Do They Matter?Why are contribution limits important?2025 Contribution Limits for Key Retirement Accounts401(k) and 403(b) PlansTraditional and Roth IRAsSEP-IRAs and Solo 401(k)s for Small Business OwnersHow 2025 Contribution...
New 2025 Tax Rates: Are You Prepared?
Overview of 2025 Tax Rates and ChangesInflation-Adjusted Tax BracketsStandard Deduction IncreasesKey Provisions and BenefitsHow the 2025 Tax Rates Impact YouFor Individual TaxpayersFor BusinessesSteps to Prepare for 2025 Tax Rates1. Review Your Withholdings2. Plan for...
Tax Scam Alert: How to Spot Fraud Before It’s Too Late
The Evolution of Tax Scams: Why Awareness MattersCommon Tax Scams to Watch Out For1. Phishing and Spear Phishing Attacks2. Fake IRS Phone Calls3. Fake Refund Offers and Ghost Tax PreparersHow to Identify and Avoid Fraudulent Websites and CommunicationVerify IRS...
What is a power of attorney?
A power of attorney authorizes one person to act for another person regarding specific legal matters. The person giving the authority for someone else to act on their behalf is called the principal, while the person now authorized to act for the principal is called...
The 4 main functions of a will
Whether you are considering having a lawyer draft your will, or you’ve already done so and are trying to make sense of it, it is important to understand the four main things that a will accomplishes. 1. Asset Distribution: perhaps the most well-known function of...
Which assets does a will cover? / What are probate assets?
A will covers all probate assets. Probate assets are those that are solely owned, and which do not have a designated beneficiary. For example, your prized fishing poles. Assuming you are the sole owner, those are probate assets, (i.e., they will have to go through the...