In October, 2020, Maryland will join the ranks of states with an “augmented estate” approach to calculating the spousal elective share. The advent of the new statute passed by this year’s General Assembly requires attorneys to adjust their thinking with respect to a surviving spouse’s rights, and offers opportunities for planning for the benefit of both spouses. In this program, panelists will explore the new law’s provisions in depth from the perspectives of estate planners, elder law attorneys, fiduciary litigators and fiduciary officers.
Jonathan G. Lasley, Esq., Program Chair & Moderator
Stewart, Plant & Blumenthal, LLC
Nakia Gray, Esq.
Gray Legal, P.C.
Kelly M. Preteroti, Esq.
Baker, Donelson, Bearman, Caldwell & Berkowitz, PC
Stacie Simon Rogers, Esq.
Frank, Frank & Scherr, LLC
Alex S. Tanouye, Esq.
The Northern Trust Company
Introductions & An Overview of the New Elective Share Statute
In this portion of the program, panelists will review and discuss the new elective share statute, including what the augmented estate includes, how the share is determined and satisfied, procedural considerations for making the election, multijurisdictional estate issues, and role of Maryland’s courts with respect to the elective share.
Application of the New Elective Share Law
Panelists will discuss challenges and opportunities presented by the new statute through the use of scenarios for average, small(er) and large estates.
Questions to be considered include:
Q & A