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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 trusts

April 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.  

2017 Tax Act and Changes in Rules for Like-Kind Exchanges

February 22nd, 2018

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

Derrick Wang to speak at Columbia Law School on music copyright law

January 29th, 2018

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

Paid Sick Leave in Maryland – General Assembly passes Maryland Healthy Working Families Act

January 16th, 2018

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

Derrick Wang to speak about IP law for creatives at MICA startup bootcamp

January 12th, 2018

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.

Amended Data Privacy Law Goes Into Effect in Maryland on January 1, 2018

January 11th, 2018

Maryland has amended its data privacy law. To stay on top of these new requirements and avoid expensive problems down the road, visit Scott Marder’s Legal Insomnia Blog which provides insight into the latest Maryland Data Privacy Provision amendments.  … Read More