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Maryland Form 548 Instructions

Maryland Form 548 Instructions

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Instructions and help about maryland power of attorney form 548

hi I'm going to be talking about the Maryland inheritance tax just as a quick intro um the inheritance tax is not the estate tax the inheritance tax is a different death tax the estate taxes um apply only to the very wealthy the inheritance tax applies to um anybody just as an aside the inheritance tax is illogical inequitable unworkable and unnecessary um but that's a topic for a different day right now we're just worried about how it works so the inheritance tax first it applies to just about any property that's going to um transfer in death so if it passes by Will intestacy through a trust through um joint tency um it's going to affect any transfer that's meant to happen at or after the deason's death in terms of possession or enjoyment anything PID on death transfer on death living trust retirement accounts life estate Deeds even if it was transferred in contemplation of death and transferred in the form of a testamentary dist

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