Blog

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 & Trust Administration, Estate Planning

Supreme Court of Virginia Sounds Warning to Fiduciaries

Paley Rothman’s Estate & Trust Administration and Estate Planning groups are frequently called upon to explain to fiduciaries (Personal Representatives, Trustees, agents under a Power of Attorney) the duties they owe to their principals. We remind these individuals that fiduciaries must act at all times for the sole benefit of their principal.

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Tax

Shop Maryland Tax Free Week Coming August 10

Shop Maryland Tax-Free Week for 2014 is from 12:01 a.m. on Sunday, August 10, through midnight on Saturday, August 16, 2014. That means qualifying apparel and footwear (i.e., articles of apparel designed to be worn on or about the human body) $100 or less, per item, regardless of how many items are sold at the same time, are exempt from Maryland’s 6 percent sales tax.

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Estate Planning

Recognizing the Warning Signs of Financial Elder Abuse

Each year, hundreds of thousands of older persons are abused, neglected and exploited. The victims are often older, frail and vulnerable and cannot help themselves. Elder Abuse, as the Administration on Aging notes, is a term referring to “any knowing, intentional, or negligent act by a caregiver or any other person that causes harm or a serious risk of harm to a vulnerable adult.”

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