The Tyra Law Firm, LLC

Helping our neighbors plan for their family’s future and avoid painful issues.

  • The Tyra Law Firm, LLC
  • Neil W. Tyra, Esq.
  • Practice Areas
    • Estate Planning
      • Power of Attorney
      • Wills
      • Advanced Health Care Directives
      • HIPAA Authorizations
      • Trusts
    • Elder Law/ Medicaid Planning
    • Family Law
      • Prenuptial Agreements
      • Divorce
      • Marital Separation Agreements
      • Child Custody
      • Child Support
    • Personal Injury
      • Auto Accidents
      • Premises Liability
  • Testimonials
  • Videos
  • FAQs
  • Events
  • Blog
  • Contact
post

When is the Best Time for My Kids to Get Their Inheritance?

September 21, 2020
Neil Tyra

Woman with Daughter Blowing Bubbles

If you are like most parents, you want your estate to be evenly divided and given to your children if your spouse pre-deceases you. That is not necessarily set in stone; you can divide it up any way you see fit. But most people do follow the first scheme - by dividing their estate into even shares to give to their kids as their inheritance. But what does that mean if your kids are minors and how does that affect Read More

Filed Under: Trusts & Estates, Wills, Inheritance Tax, Estate Planning

post

What Every New Parent Needs to Know About Estate Planning

March 12, 2019
Neil Tyra

New parents contemplating their estate plan

As a parent and an estate planning attorney, I spend quite a lot of time thinking about how to protect my children and provide for their futures using estate planning tools. But, my children are grown. For new parents, I know that estate planning may be the furthest thing from your mind. As a parent (or grandparent!), there are a thousand things to worry about. Having children in your life creates responsibility, Read More

Filed Under: Power of Attorney, Probate, Funeral Planning, Trusts & Estates, Wills, Estate Tax, Inheritance Tax, Estate Planning, Advanced Health Care Directive

post

Will Maryland’s Inheritance Tax Force You to Relocate?

March 13, 2015
NWT Owner/Admin

Locked chest containing valuables

Only two states - Maryland and New Jersey - impose an inheritance tax as well as an estate tax on top of the Federal estate tax. Many states are eliminating or have eliminated death taxes altogether. But only these two impose both additional state level death taxes on top of the federal tax. Recently, Maryland signed into law legislation that gradually brings the state estate tax in line with the federal tax. Read More

Filed Under: Elder Law, Trusts & Estates, Wills, Estate Tax, Inheritance Tax

Recent Posts

  • Your Adult Child’s Estate Plan: Why It’s Important?
  • What If You Fail to Name a Beneficiary?
  • Marital Separation and Estate Planning – Avoiding the Elective Marital Share Problem
  • Update Beneficiary Designations to Avoid a Disaster
  • Pet Trust: Will the Dog Inherit More Than Me?

Social Media Links

  • Facebook
  • linked in
  • twitter
  • (301) 315-0811
    neiltyra@tyralawfirm.com

Quick Links

  • The Tyra Law Firm, LLC
  • Rockville Estate Planning Attorney • About Us
  • Practice Areas
  • Testimonials
  • Estate Planning FAQs
  • Blog
  • Contact

Other Pages

  • Free Resource
  • Newsletter
  • News
  • Privacy Policy
  • Disclaimer

Contact Details

199 East Montgomery Ave.
Suite 100
Rockville, MD 20850
Phone: (301) 315-0811
E-mail: neiltyra@tyralawfirm.com
    Get Social:
  • Facebook
  • linked in
  • twitter
Disclaimer: The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for advice regarding your individual situation. We invite you to contact us and welcome your calls, letters, and electronic mail. Contacting us does not create an attorney-client relationship. Click here for full disclaimer.
Created by The Tyra Law Firm, LLC
© 2023, The Tyra Law Firm, LLC