Saturday, December 21, 2024 | Baltimore, MD
Baltimore, MD
36°
Partly Cloudy
FOLLOW US:

Bill will grant probate protections for domestic partners, eliminate inheritance taxes

May 11, 2023

Domestic partners registering with the state will now be given the same rights as married spouses in probate matters, allowing one partner to inherit the other’s assets when they die while avoiding costly inheritance taxes, including in instances where no will exists, according to new legislation. Seven percent of adults nationwide live as unmarried partners, according to the U.S. Census Bureau, a statistic that has nearly tripled in recent decades.

Article Source: The Baltimore Banner

The Morning Rundown

We’re staying up to the minute on the issues shaping the future. Join us on the newsletter of choice for Maryland politicos and business leaders. It’s always free to join and never a hassle to leave. See you on the inside.