The Paley Rothman Blog

Paley Rothman shares this library of resources with clients and friends of the firm to help them stay ahead of legal and business developments and trends. Here, you will find helpful tips and tools written by our attorneys.

Estate Planning, Tax

Is the Maryland Death Tax Facing Extinction?

Not quite, to be sure, but the Maryland House of Delegates passed House Bill 739 (“Maryland Estate Tax – Unified Credit”) increasing the Maryland estate tax exemption (the amount an individual can pass free of Maryland estate tax) gradually over the next five years to the federal estate tax exemption. This bill now moves to the Maryland Senate.

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Employee Benefits, Tax

Health Flexible Spending “Use or Lose” Rule Amended

On October 31, 2013 in Notice 2013-71 the IRS announced a modification to the “use or lose” rule for Health Flexible Spending Arrangements (Health FSAs). Health FSAs permit employers to reimburse employees for health care expenses, such as deductibles and co-pays. In general, these plans are funded by employees through salary reduction agreements.

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Estate & Trust Administration, Estate Planning

Some Negative Impacts of DOMA on Same-Sex Spouses

By now you have almost certainly heard that the U.S. Supreme Court struck down the federal definition of marriage as “marriage only between a man and a woman” in United States v. Windsor, 570 U.S. ___ (2013). As a result, same-sex spouses can now enjoy many federal benefits that were previously unavailable to them.

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