Archive: Client Alert

We recently updated you on the evolution of Maryland law to expedite the finalization of divorces, including the gradual removal of the requirement for a one-year separation. And now the District of Columbia has decided to follow suit. Specifically, the D.C. Council has passed a law eliminating the separation requirement. Congress is expected to approve...

With a new year comes updated exemptions for estate tax exclusion and gift tax for 2024. What is the “estate tax exemption” and where is it going in 2024? The estate tax exemption refers to the value (or sum) of non-charitable bequests that can pass tax-free to someone other than your spouse upon your death,...

There is a significant piece of new law on the books effective January 1, 2024 that will impact all business owners, including many Bulman Dunie estate planning clients. Anecdotally, from talking to our clients who will be impacted by this change, most are not aware of this new law. The Corporate Transparency Act (the “CTA”) will...

It is often difficult for divorcing couples to decide how to divide their shared pets. In both Maryland and the District of Columbia, pets are viewed under the law as “property” – just another asset to be divided along with the wedding silver. Unlike other property, the value of a pet can be difficult, if not...

October 1 is when the majority of laws enacted by the Maryland legislature in the preceding session take effect. This year, a new law takes effect October 1 in an attempt to reduce serious personal injuries from automobile accidents. Previously, Maryland drivers only had to move over for stopped emergency vehicles and tow trucks who...

October 1 is the date when the majority of laws enacted by the Maryland legislature during the preceding session take effect. While the 2022 legislative session wasn’t as busy of a legislative session as 2021 as far as the estate and trust world is concerned, there are a few new interesting Maryland laws which may...

If you pay or receive child support in Maryland, you are likely familiar with the concept of the “Maryland Child Support Guidelines”. In short, these guidelines provide the presumed amount of child support owed based upon the number of children and the combined monthly income of the parents. If you’re curious what that looks like, I’ve...