DC Allows Transfer-on-Death (TOD) Deeds
The District of Columbia now allows people to leave their DC real estate through a transfer-on-death or TOD deed.
Oregon Voters Keep Estate Tax
Oregon voters rejected a proposal that would have eliminated the state's estate tax, which is imposed on estates worth $1 million or more.
Maryland Changes "Small Estate" Rules
Maryland has changed its definition of a "small estate" that qualifies for simplified probate procedures, which are quicker and less expensive than regular probate.
Delaware Estate Tax Exemption Increases
Effective January 1, 2012, estates of up to $5.12 million are exempt from the state's estate tax.
Tennessee Phases Out Estate (Inheritance) Tax
Tennessee has moved to gradually eliminate its estate tax (which it calls an inheritance tax) by 2016.
Wills and Personal Property Memoranda
Here are a few updates to the Executor's Guide concerning memoranda of personal property, which are documents that may accompany wills in some states. Someone who makes a will can use the
Illinois Raises Estate Tax Exemption Amount
For deaths in 2012, the Illinois estate tax exemption is $3.5 million, meaning that estates with a gross value under this amount do not have to file an Illinois estate tax return.
Rhode Island Estate Tax Exemption Increases
Effective January 1, 2012, estates of up to $892,865 are exempt from Rhode Island's estate tax.
Court Denies Benefits to Posthumously Conceived Children
The U.S. Supreme Court has ruled that children who are conceived after the death of their biological father, using frozen sperm, are not automatically entitled to Social Security dependent’s benefits.