Federal Estate Exemption now $11.2M, Maryland’s to be $5.0M in 2019 – How to keep new estate tax exemption laws from endangering your wills and trustsApril 17th, 2018
Now that the federal estate exemption is $11.2M per person and the Maryland Legislature has passed a new $5.0M per person estate exemption,* do you really need to worry about visiting your lawyer to make any revisions to your will… Read More
FYI, a sign of things to come? Contemplating HB308, Maryland Estate Tax – Unified Credit, the $5.0MM exemption equivalent and Maryland portability amendments.March 13th, 2018
Please see House Bill 308, Maryland Estate Tax – Unified Credit, showing the $5.0MM exemption equivalent and Maryland portability amendments that were adopted by the House. We anticipate that the Senate will adopt the same amendments.
An exchange of property, like a sale, generally is a taxable event. However, under Section 1031 of the Internal Revenue Code prior to the enactment of the 2017 Tax Act, no gain or loss is recognized if property held for… Read More
On Tuesday, February 6, 2018, composer and attorney Derrick Wang speaks at Columbia Law School on the topic of “Music Copyright from a Composer’s Perspective” as part of the Kernochan Center IP Speaker Series. For more information: http://www.law.columbia.edu/events/kernochan-center-ip-speaker-series-music-copyright-from-composers-perspective
Scott Marder interviewed by WBFF Fox45 regarding lawsuit alleging BCPS violations of the Maryland Public Information Act.January 26th, 2018
Thomas & Libowitz attorney Scott Marder was interviewed on the WBFF Fox 45 Project Baltimore segment. http://foxbaltimore.com/news/project-baltimore/city-schools-project-baltimore-bound-for-court-battle-over-public-records-request
Good News: year-end tax legislation increases the 2018 contribution limits for cash gifts to public charities and private foundations.January 19th, 2018
Generally, income tax deductions for charitable gifts remained unchanged under the new tax law. There was one notable positive twist for charity. The recently passed tax act allows for an increase in deductibility for gifts of cash (and only cash)… Read More
Proposed legislation would bring stability to a spouse’s equitable rights under the Maryland elective share rules.January 18th, 2018
Aesop’s fables might tell the stories this way: Once there was a fellow who married a wonderful woman; they had children and a nice life. They lived at #2 Elm Street. Eventually his care for her turned to disdain. He… Read More
Last week, the Maryland General Assembly passed the Maryland Healthy Working Families Act, voting to override Gov. Hogan’s May 2017 vetoes of the House and Senate sick leave bills. Under the Act, Maryland businesses with 15 or more employees are… Read More
On January 13, 2018, Derrick Wang will give a talk on intellectual property law for artists at the Maryland Institute College of Art’s (MICA) Business Matters entrepreneurship conference and startup bootcamp.