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The New Year May Bring You More Changes Than You Know

No doubt, we are all tired of the constant flow of news about changes to legislation, taxes, and health care. The last days of the lame duck Congress yielded a bewildering variety of laws, political noise and confusion. Yes the current “Bush Tax Cuts” were extended for two years withsome changes. But there were some things done at the federal and state level that may have escaped notice. The attached article from attorney Steve Elville outlines important changes to Maryland’s Power of Attorney law. It also has a reminder about some changes to Maryland Estate Tax laws that were passed several years ago. If either of these topics is important to you, you should contact your legal professionals and financial planners to see how you could be affected. Also, Maryland has implemented new tax tables, which you also need to review. Ignorance is never bliss, especially now.