Maryland is one of two states (New Jersey being the other) that collects both an inheritance tax and state estate taxes. You can plan ahead for these prospective burdens. Also, if you own a business, you have a unique set of additional options to mitigate inheritance and estate taxes.
Neither LTC Capital nor its representatives offer legal or tax advice. Information regarding tax matters which may be provided by LTC Capital is of a general nature only, and is not to be construed as constituting specific advice.