A QDRO is a decree or order recognizing another person such as a former spouse, child or dependent as an “alternate” or “alternative” payee to a retirement plan. The alternative payee can receive all or part of the benefits under the plan.
People in Maryland can write practically whatever terms they want in their wills, but that does not mean the probate courts will honor those terms. Let's say that you want to leave nothing to the person who would ordinarily inherit a portion of your estate. You might be angry at the person, or you might have agreed, for example, with your spouse, that they will take nothing under your will. Take it from a Maryland estate-planning attorney—this may not be entirely legal.
You worked hard for many decades and saved money for retirement. You would think that since you earned that money, you can do with it what you want. Many people are surprised to learn that the government will force them to start taking money out of their retirement savings when they reach the age of 70 ½ years. Why is that? Maryland tax attorneys have been advising their clients on this rule for years. Here’s what you need to know.
For taxpayers who do not pay taxes throughout the year or underpay, they may face a large tax penalty when they file their tax returns. If you are going broke paying estimated tax penalties, working with a Maryland tax attorney to identify problems with your estimated tax payments could help eliminate those penalties.
At work, you may deal with leases, employment contracts, vendor agreements, non-disclosure agreements, and partnership agreements. If you need to review a contract, these seven pro tips from our experienced Maryland business attorney can help you cut through some of the legalese to identify the key terms contained in the contract.
The Fractional General Counsel Model utilizes an up-front fee structure customized to meet the needs of your particular business. This model is particularly beneficial for start-ups, who may not have the budget to hire a full-time counsel, but want to ensure their investment is protected. Check out our latest video on why more start-ups are using fractional general counsel.