Maryland Estate Planning, Wills and Trusts Library: Forms and Practice Manual

Maryland Estate Planning, Wills and Trusts Library: Forms and Practice Manual

Prominent Maryland attorney, Aryeh Guttenberg, Esq., has drawn from his extensive experience to bring you insightful strategies and relevant forms for virtually every estate-planning situation you may encounter in this newly revised three-volume manual featuring a bonus CD with more than 370 electronic forms.

This extensive, updated Manual, featuring more than 1,690 pages of content, will help you stay current and efficient by providing appropriate statutes and regulations—complemented by thorough discussions and analyses of the changing federal and Maryland state laws. Plus, you’ll be expertly guided through an extensive selection of wills and trusts forms using an easy-to-follow, situation-oriented format. Included are client presentation charts and customizable electronic forms for wills and trusts as well as explanations and planning strategies for estate, gift, and generation-skipping tax.

The major portion of this supplement analyzes (with associated charts):

(1)   the dramatic increases in the Federal Exemption/Applicable Exclusion Amounts for estate, gift and generation-skipping taxes under Tax Cuts and Jobs Act (TCJA) effective in 2018 that have changed the landscape of estate, gift and generation-skipping tax planning;

(2)   the newest “decoupling” changes of the Maryland Estate Tax for 2019 and that fixed (without indexing) the Maryland estate tax exemption at $5 million (with “portability”);

and provides corresponding updates to various portions of the Manual. All forms are provided on the accompanying CD for your immediate use.  

Aryeh Guttenberg, Esq., is a member of Guttenberg & Franklin, LLC in Baltimore and continues to devote his law practice to estate and trust planning, taxation, and administration as well as strategic planning and drafting for family wealth transfers and preservation. Mr. Guttenberg is a fellow of the American College of Trust and Estate Counsel. Mr. Guttenberg also served as an adjunct professor at University of Maryland School of Law, where he taught a course in estate and gift taxation.  Mr. Guttenberg also served on the Section Council of the Estates and Trusts Law Section of the Maryland Bar, where he was also a co-editor of the Section newsletter. He is the author of numerous publications in the areas of taxation and estates and trusts, appearing in the leading treatises and periodicals, including Bender’s Federal Tax Service/CCH, The Journal of Taxation, Taxes, The Review of Taxation of Individuals, and The Daily Record. He has also served on the Editorial Advisory Board for Warren, Gorham and Lamont and has lectured at several estate and tax planning conferences. He received an LL.M. degree in Taxation from New York University School of Law and his J.D. with honors from the Benjamin N. Cardozo School of Law, where he was an editor of the Law Review. He is a member of the Maryland and New York bars.

» View Full Table of Contents [PDF]

SUMMARY TABLE OF CONTENTS

Part I - Estate Planning: A Practice-Oriented Approach
Chapter 1: How To Use This Book
Chapter 2: Estate Planning: Essential Objectives

Part II - Simple Wills: For Married Couples with Combined Estates Not Exceeding Lifetime Estate Tax Exemption
Chapter 3: Simple Wills For Married Couples with Adult Children
Chapter 4: Simple Wills For Married Couples with Minor Children

Part III - Tax Planning Wills with Credit Shelter/Bypass Trusts In Combination With Marital Bequest (Outright or QTIP Trust): For Married Couples with Combined Estates Exceeding Lifetime Exemption (Applicable Exclusion Amount)
Chapter 5: Strategic Planning with Credit Shelter/Bypass Trusts
Chapter 6: Tax Planning Wills with Credit Shelter/Bypass Trusts In Combination with Marital Bequest (Outright or QTIP Trust) - For Married Couples with Combined Estates Exceeding Lifetime Exemption
Chapter 7: Strategic Tax Planning with Marital/QTIP Trusts ("A" Share) In Combination with Bypass Trust ("B" Share): The "A-B" Trust Structure
Chapter 8: Tax Planning Wills with QTIP and Bypass Trusts: For Married Couples with Combined Estates Exceeding Lifetime Exemption (Pecuniary Formula)
Chapter 9: Tax Planning Wills with Marital ("A") and Credit Shelter ("B") Shares: Use of Pecuniary Credit Shelter And Residuary Marital Bequests (Reverse Pecuniary Formula)

Part IV - "Flexible" Tax Planning Wills with Disclaimer Trusts: Married Couples with Combined Estates Approaching Or Expected To Exceed Lifetime Exemption Or Who Desire A Flexible Approach
Chapter 10: Strategic Planning with "Flexible" Disclaimer Trusts
Chapter 11: Tax Planning Wills With Disclaimer Trusts

Part V - Generation-Skipping Transfer ("GST") Tax Planning with Generation-Skipping Trusts - for Large Estates
Chapter 12: Strategic Planning With Generation-Skipping Trusts
Chapter 13: Tax Planning Wills With Generation-Skipping Trusts

Part VI - Wills for Unmarried Individuals (Single, Widowed, Divorced)
Chapter 14: Wills For Unmarried Individuals (Single, Widowed, Divorced)

Part VII - Revocable (Living) Trusts And Pour-Over Wills
Chapter 15: Strategic Planning With Revocable Trusts As Primary Testamentary Instrument
Chapter 16: Revocable Trusts And Pour-Over Wills For Unmarried Individuals
Chapter 17: Revocable Trusts And Pour-Over Wills For Married Couples without Tax Planning (Combined Estates Not Exceeding Lifetime Exemption)
Chapter 18: Revocable Trusts And Pour-Over Wills with Credit Shelter/Bypass Trusts - For Married Couples with Combined Estates Exceeding Lifetime Exemption Chapter 19: Revocable Trusts And Pour-Over Wills with Marital/QTIP Trust In Combination with Credit Shelter/Bypass Trust: The "A-B" Trust Structure (Combined Estates Exceed Lifetime Exemption)
Chapter 20: Revocable Trust And Pour-Over Will For Married Couple with Disclaimer Trust Option Upon Death of Settlor
Chapter 21: Revocable Trust For Married Settlors with Generation-Skipping Trusts

Part VIII - Strategic Estate Planning with Irrevocable Trusts
Chapter 22: Irrevocable Life Insurance Trusts (ILITs)
Chapter 23: Trusts For Minors
Chapter 24: Trusts For Subchapter S Stock
Chapter 25: Retained Interest Trusts: QPRTs, GRATs and “Intentionally Defective” Grantor Trusts
Chapter 26: Trusts For Individuals With Special Needs

Part IX - Alternative Drafting Forms
Chapter 27: Alternative Drafting Forms

Part X - Summaries of Select Estate Planning Practice Areas and Strategies
Chapter 28: Select Estate Planning Summaries - Maryland and Federal Law
Chapter 29: Selected Planning Strategies and Techniques

Part XI - Powers of Attorney
Chapter 30: Durable Powers of Attorney for Financial Matters
Chapter 30A: 2010 Maryland General and Limited Power Of Attorney Act
Chapter 31: Health Care Powers of Attorney and Advance Directives

Part XII - Charitable Gift Planning
Chapter 32: Charitable Gift Planning

Part XIII - Indices