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Read|Delete 4.8.14
This content has been archived. It may no longer be relevant TAX STATS Maryland has the 7th highest state-local tax burden in the U.S. Residents of Maryland paid 10.6 percent of income in state-local taxes in the fiscal 2011. The national average is 9.8 percent By comparison, Pennsylvania ranked 10th at 10.3 percent and Virginia…
A Creditor Of An Estate Beneficiary Lacks Standing to Seek The Removal of An Estate Administrator
A Creditor Of An Estate Beneficiary Lacks Standing to Seek The Removal of An Estate Administrator By Don Foster A Philadelphia Orphans Court Judge has agreed with attorneys from Offit Kurman’s Orphans Court litigation group that a creditor of a beneficiary of a will does not have standing to seek the removal of the executor…
The Weekly Scenario: How Owing Back Taxes Can Affect Estates
Question: Our son owes MD back taxes but now lives in Pennsylvania. If we die in MD can the MD tax authorities seize his portion of the MD estate for the taxes? Answer: The answer is that without any additional planning, the Maryland tax authorities would likely be able to seize your son’s inheritance if…
Friday Factoid 4.4.14
On February 13, 2014, the European Union’s Court of Justice ruled that making a hyperlink to publicly available content posted on a website does not constitute copyright infringement and does not require the consent of the person or entity that owns the linked content. Source: http://curia.europa.eu/juris/document/document.jsf?text=&docid=147847&pageIndex=0&doclang=EN&mode=req&dir=&occ=first&part=1&cid=7778″/ If you have any questions regarding the content of…
Business Law & Transactions Attorney at Tech Council of Maryland Roundtable
Offit Kurman business law and transactions attorney Michael N. Mercurio, Esq. recently took part in a Tech Council of Maryland Executive Breakfast Roundtable. Top topic: Exit Planning. There is an indisputable and universal business truth: as a business owner, you will one day leave your business. So it is important to have a plan in…
3 Key Provisions in a Mergers and Acquisitions Letter of Intent
Part II in a seven-part series on the anatomy of an M&A transaction from the sell-side perspective. To read Part I, covering the basics of pre-transaction planning, click here. Most mergers and acquisitions (“M&A”) transactions commence in earnest with a letter of intent (AKA a term sheet). As the name implies, a letter of intent…
Offit Kurman Business Litigation Attorney on ADA Compliance Testers
In his article “Have You Been Sued By An ADA Tester? Here Is How To Fight Back,” Offit Kurman business litigation attorney Don Foster explains what could happen if your business does not comply with the American with Disabilities Act, 42 U.S.C. § 12181 et seq. “The purpose of this posting is to alert businesses…
Compensation and Compliance Matters: The Dangers of a Qualified Mortgage Loan Losing Status
Many lenders think repurchase or non-saleable, when they think of the possibility of a mistake on a qualified mortgage rule loan that actually causes the loan to fall into non-QM status. While this is certainly a significant problem, the issues with the sale or possible repurchase of the loan only represent the beginning of a lender’s troubles. The lender, who…
Offit Kurman is one of the Largest Law Firms in Washington DC
Here at Offit Kurman, we believe that results are more important than recognition. While awards might look great hanging on the wall, real success is measured by a much different standard. Of course, over the years, Offit Kurman’s exceptional legal services, dedication to customer service and expertise hasn’t gone unnoticed. Offit Kurman is proud to…
The Weekly Scenario: What do natural parents need to provide to a financial services company to prove guardianship of their own children?
Question: What do natural parents need to provide to a financial services company (for a tax deferred annuity) to prove guardianship of their own children? My mother recently died and had several annuities that named my minor children as beneficiaries. The company is dragging its feet about paying out the benefits. What do I do?…
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