Practical Pointers for Practitioners: State Law Developments Series - The DMV

Contributing Author Brandon A.S. Ross is a wealth advisor based in Washington, DC, for J.P. Morgan Private Bank and is in his last year as a Dennis I. Belcher Young Leader through the ACTEC Foundation.

Legislators in the DC metropolitan area (the District of Columbia, the State of Maryland, and the Commonwealth of Virginia—the DMV) monitoring legal developments in one of those three jurisdictions almost have to have familiarity with the laws of the other two. The proximity of each jurisdiction to the others allows clients to easily change residency from one to another and forces lawmakers to compare new laws and decide whether they need to improve their own laws. This article highlights three recent major developments to trust and estate laws in the DMV that should prompt advisors to determine whether and how to update their clients’ estate plans.

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