The federal estate and gift tax exemption is currently $12,060,000 per person. Due to annual inflation adjustments, this amount is expected to increase to $12,900,000 in 2023. Additionally, it is anticipated that the annual gift exclusion amount will be raised from $16,000 per donee to $17,000 per donee in 2023.These changes will create additional planning opportunities for individuals and families wishing to make tax free gifts.Read More
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. The information in the blogs and articles is not a substitute for legal advice and should not be relied on as such. Should you have any questions or want legal advice, please contact the attorney who wrote the blog or article.
On July 1, 2021, Virginia employers with five or more employees will need to make sure that they are in full compliance with the Commonwealth’s new disability discrimination lawRead More
Employers in Virginia should prepare for the questions that the Commonwealth’s legalization of marijuana might trigger in their workplaces.Read More
During its 2021 regular session and special session, the Virginia General Assembly enacted a number of new employment laws that employers in the Commonwealth should be aware of.Read More