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Friday, May 16, 2014

BREAKING NEWS - Maryland: Gradually becoming a better place to die (from an estate tax perspective).

            On May 15, 2014, Maryland Governor Martin O’Malley signed into law House Bill 739 ("Estate Tax Bill") raising Maryland’s Estate Tax Exemption from $1 Million to match that of the federal estate tax exemption in 2019.  Although the bill is effective July 1, 2014, it is implemented over a five (5) period and the "recoupling" of the Maryland and federal estate tax exemption equivalents will not be complete...
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