Author: Anne W. Coventry

May 27, 2016

When Your Child Turns 18

18 is a momentous birthday.  Your child can register to vote!  Your son (but not your daughter) must register for the Selective Service.  Depending on which jurisdiction you live in, your child may become entitled to unilateral control over that UGMA/UTMA custodial account that you funded years ago. You have spent years managing things for […]


Share
May 16, 2016

Maryland enacts laws on Trusts and Digital Assets to take effect in October 2016

For a long time, the rule in Maryland has been that a divorce revokes the provisions of a will that benefit the former spouse, but we did not have the same rule for revocable trusts.  Beginning October 1, 2016, the same rule will apply to revocable trusts—divorce will revoke those provisions of the trust that […]

February 15, 2016

Revised Uniform Fiduciary Access to Digital Assets Act (RUFADAA): Online Tools

When it is enacted in state legislatures this year, RUFADAA will give effect to a user’s express instructions regarding whether or not a fiduciary should have access to the user’s digital assets.  Users can provide those instructions in their traditional estate planning documents, via some other record, or via use of an online tool.  An […]

February 12, 2016

Update on Fiduciary Access to Digital Assets

Your personal representative (the executor of your will) will need to read your emails.  This may not be something you’ve thought about before, but it’s true.  You get bank statements, bills, and even tax forms delivered to you only by email.  You have automatic, recurring payments set up from your checking account each month.  You […]

October 22, 2015

Premarital Agreements & Trusts

and

This article was originally published in the American Bar Association’s Family Advocate, Vol. 38, No. 2, (Fall 2015) p. 10-13, and is reprinted here with permission. PDF available here. Adequate financial disclosure is essential to a valid and enforceable premarital agreement. When one party is the beneficiary of a third-party trust or the settlor of his or her own trust, […]

September 11, 2015

Estate Planning in Light of Marriage Equality

The recent Supreme Court decision in Obergefell v. Hodges makes marriage equality the rule in all U.S. jurisdictions. Couples whose marriages will now be recognized in all states should give some thought to these estate planning issues implicated by the ruling: Joint filing is available for income tax returns—not only federal returns, but also state […]

December 30, 2014

Death and Divorce: A Lethal Legal Combination

and

Death and divorce—both events are extremely difficult and stressful in and of themselves. However, when death and divorce happen at roughly the same time, the consequences can be unexpected and may seem wildly unfair. Separation and divorce can have a significant impact on estate planning issues, which require diligent attention when marital issues arise.  Otherwise, […]

December 15, 2014

The New Maryland Trust Act

The new Maryland Trust Act takes effect January 1, 2015 and will apply to all Maryland trusts, including those created prior to its effective date.  For the most part, the Act provides default rules that can be overridden by the express terms of a trust, but some rules are mandatory. The following is brief summary […]

Page 1 of 212