Trusts & Estates Blog

Is Debt That is Cancelled as a Testamentary Bequest Taxable?

Posted August 24, 2021 by in Articles & Publications, Trusts & Estates Blog

Normally, when debt is cancelled it becomes taxable income to the debtor. However, when debt is forgiven in a Will, the debt is not taxed as income in Maryland.

Important First Legal Steps After A Loved One Dies

Posted June 10, 2019 by Jamie Hamelburg and Janell Wheeler in Articles & Publications, Trusts & Estates Blog

In the midst of dealing with grief after a family member dies, figuring out the legal steps to take can be overwhelming. While many items can wait, two of them should be taken care of immediately.

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