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Planning For Property Disposition And Estate Shrinkage
Estate planning overview from the University of Maryland outlined the Maryland and federal rules on transferring property after death. It explains intestacy, wills, legatees, validity requirements, and methods to minimize estate shrinkage and taxes through gifts, joint ownership, marital deduction, and trusts. It cautions personal representatives to file timely tax forms and seek expert guidance.
MENTIONED IN THIS ARTICLE
G.M. Real Department of Agricultural and Resource Economics
University of Maryland
Maryland
Orphans Court
Internal Revenue Service