Be Aware: Maryland Bankruptcy Court Rules That Lender Attorney Fees Related to Routine Notices in Chapter 13 Are Allowable
Kevin R. Feig |
March 2025
In a Maryland Chapter 13 bankruptcy case, In re Cruz, the debtor became concerned about nearly $3,000 in attorney fees accumulated due to mandated Payment Change Notices and Fee Notices related to her home equity line of credit. The Bankruptcy Court ultimately found the fees reasonable but excused the creditor from further notice requirements to prevent additional charges.
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The Future for Federal and Maryland Estate Tax Exemptions
Samantha A. Arnold |
February 2025
Starting January 1, 2025, the federal estate tax exemption will be $13,990,000 per person, but it may drop to about $7,500,000 in 2026 unless Congress intervenes. In Maryland, the estate tax exemption is currently $5,000,000 per person, with a proposal to reduce it to $2,000,000, leading to uncertainty about future changes.
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Government enjoined from enforcing the Corporate Transparency Act
Garth E. Beall |
December 2024
On December 3, 2024, the U.S. District Court for the Eastern District of Texas issued a preliminary injunction blocking the enforcement of the Corporate Transparency Act (CTA), finding it likely unconstitutional. As a result, businesses are currently not required to file ownership disclosures by the December 31, 2024, deadline, and it may take months or even years before the CTA is enforced, pending appeals.
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Maryland Renter’s Right and Stabilization Act of 2024 a/k/a Maryland TOPA
Aaron D. Neal |
October 2024
Aaron Neal discusses the new Maryland law grants residential tenants the right of first refusal to purchase their rental property, with certain exceptions, and imposes penalties on landlords who fail to comply.
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New Pay Transparency Law in Maryland
Charles H. Henderson |
August 2024
Charlie Henderson discusses the Maryland Equal Pay for Equal Work—Wage Range Transparency law, which, effective October 1, 2024, introduces new compensation disclosure requirements for Maryland employers.
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University of Maryland Construction Law Update
John P. Lynch |
July 2024
McNamee Hosea, P.A. Successfully Recovers $500,000.00 for Regional Supplier for work at University of Maryland Chemistry Building
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When Gifting Assets for Estate Tax Planning Purposes, Consider Possible Adverse Income Tax Effects on Your Heirs
Milton D. Jernigan II |
June 2024
A plan of lifetime gifting of assets from one generation to the next is an often used technique to help reduce estate taxes in the estate of the donor, but this strategy may come at adverse income tax costs to the receivers.
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Estate Tax Implication of Funding Buy-Sell Agreement with Life Insurance
Esther A. Streete |
June 2024
Principal, Esther Streete, discusses the Supreme Court Decision in Connelly v. United States involving the application of the federal estate tax to insurance proceeds.
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