Maryland Enacts Protective Law for Estate Tax "Formula" Provisions

Maryland's new law is designed to prevent unintended consequences of a person dying in 2010, while the federal estate tax law is in a one-year hiatus, with a Will or revocable trust premised on federal estate tax principles being applicable. If this happens, the decedent's Will and trust formula provisions are deemed to refer to the 2009 federal estate and GST tax law as they would have applied to a person dying on December 31, 2009.

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