by Longman & Van Grack, LLC | Nov 21, 2021 | Blog, Estate Tax, Tax Controversy, Tax Planning
Winning or settling a lawsuit that results in a large cash payout may require the winning party to pay taxes on the judgment or settlement proceeds. However, the taxable nature of these types of payments are not simple and involve a series of questions to address....
by Longman & Van Grack, LLC | Dec 19, 2017 | Blog, Estate Tax, Firm News, Tax Controversy, Tax Planning
Today, the United States House of Representatives and United States Senate are voting on the Republican’s Tax Plan which could, if passed, be the broadest Federal tax reform in more than 30 years. As a result of this pending tax reform, Forbes sought the advice...
by Longman & Van Grack, LLC | Oct 21, 2016 | Blog, Estate Tax, Tax Planning, Wills & Estate Planning
Statistics show that many individuals never create a last will and testament. While not everyone needs to have a will, there is almost always a benefit for an individual to have created a will to ensure that their families are protected and that their assets are...
by Longman & Van Grack, LLC | Aug 26, 2016 | Appellate Law, Blog, Business & Civil Litigation, Estate Tax, Tax Planning, Wills & Estate Planning
In a decision entered on Wednesday, the Maryland Court of Appeals has ruled that multi-million dollar share of the estate of author Tom Clancy left to his widow was protected under estate-tax exemptions for widowed spouses. In Michelle Bandy v. Alexandra Clancy, the...
