“Thought for the Day” #705 – by Stephen R. Elville, J.D., LL.M.

April 18, 2016

As of the close of the legislative session last week, Maryland lawmakers did not pass an augmented estate bill that would have expanded the elective share rights of a surviving spouse to include assets beyond those in a decedent spouse’s probate estate.  Such legislation (when eventually passed) will impact certain asset protection strategies in elder law planning.  Until at least next year when this legislation will surely be revisited, spouses in Maryland can continue to utilize powerful elder-centric planning strategies for maximum asset preservation.