
May Newsletter: New Location & New Tax Laws
We’re thrilled to announce the opening of our new office in Mount Airy, MD, making it easier than ever for Maryland residents to access trusted estate planning services! For over 70 years, Frame & Frame has been committed to helping families protect their legacies, and we’re excited to serve the Mount Airy community directly.
Urgent: Maryland’s new tax laws, effective July 1, 2025, could impact your estate plan. Signed on April 7, 2025, they include higher income taxes (6.25% for $500K–$1M, 6.5% over $1M), a 2% capital gains tax (incomes over $350K), and a 3% IT services tax. The estate tax exemption remains at $5M (individual) or $10M (couples), despite a rejected proposal to lower it to $2M/$4M, with taxes up to 16% for larger estates.
Don’t wait—review your estate plan before July 1.
Protect your legacy.
Sincerely,
Frame & Frame Attorneys at Law
Complete Guide to Setting Up a Family Trust in Maryland
While the concept of a trust can seem complex, with proper guidance from experienced estate planning attorneys, it becomes a powerful tool for long-term wealth preservation and family security. In this complete guide, we’ll explain everything you need to know about setting up a family trust in Maryland.
Important Changes to Maryland Tax Laws Could Affect Your Estate Plan
Maryland just passed new tax laws that go into effect on July 1, 2025, and they could significantly impact your estate plan. These changes, signed into law on April 7, 2025, may reduce what you’re able to leave behind — unless you act now to protect your legacy.
How to Revoke or Modify a Life Estate Deed in Maryland
A life estate deed is a valuable estate planning tool that allows property owners to retain use of their property during their lifetime while designating a beneficiary(remainderman) to receive the property upon their death. However, circumstances can change, and you may find the need to revoke or modify such a deed.