Prenuptial Agreements

New Elective Share Law in Maryland Increases the Need for Prenuptial Agreements

In case you missed it because of all the other changes we had to deal with during the pandemic, there was a significant change to Maryland’s elective share law that went into effect as of October 1, 2020.  What exactly is the elective share and why should you care?  Simply put, the elective share is a surviving spouse’s right to file a claim (i.e. make an election) against their deceased spouse’s estate to inherit a portion of assets even if their deceased spouse has an estate plan that says otherwise.  This largely impacts Marylanders who are considering getting married again...

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Prenuptial/Premarital Agreements are Just Another Form of Insurance

For many people, the mere mention of a prenuptial agreement makes marriage feel more like a business arrangement than the celebration of love and happiness that is intended when two people decide to spend their lives together. This notion, however, could not be farther from the truth.  A prenuptial agreement effectively takes finances out of the equation and is just a legal way of telling your fiancé that you are not marrying them for anything other than who they are and your love for them. In that sense, a prenuptial agreement can even be viewed as another gift of love...

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