Firm News

Inherited IRA’s Are Not Protected Assets
Maryland judges are likely to follow suit with the U.S. Supreme Court and find that inherited IRA’s are not protected from creditors.

Maryland Planning to Sue Oil Industry for Contamination
Maryland Attorney General Brian Frosh is interested in pursuing a lawsuit against oil refiners for using an additive in fuel that has contaminated ground water across the state.

McCormick & Co. Inc. Staying in Maryland
The spice company will move to a massive new headquarters in Hunt Valley near several manufacturing facilities it owns there.

Business Personal Property Tax Returns Can Be Filed Online
The Maryland State Department of Assessments and Taxation announced the new service allowing businesses and tax preparers to submit annual returns online at the Central Business Licensing and Registration Portal through the state’s website.

Baltimore’s West Side Begins Transformation
Private developers are planning projects in a neglected neighborhood and hoping to revitalize the area.

Tech Council of Maryland reveals legislative agenda for new governor, lawmakers
Those in the technology field are committed to lobbying Maryland’s new Governor for tax benefits and other business friendly policies.

A Clear and Present Estate Planning Danger: The Tom Clancy Estate Controversy Explodes Opines UltraTrust.com
Celebrity Baltimore resident, Tom Clancy, famous for the his military inspired books and video games, died in 2013. Disputes continue to surround his large estate.

Yahoo CIO Sued by Former Employer Netflix, Accused of Allegedly Taking Kickbacks
Former Netflix employee, Michael Kail, is being sued by the media giant for allegedly taking kickbacks from IT companies that signed contracts with Netflix.

Gordon Ramsay Sues Ex-Business Partner of Fat Cow Restaurant for $300k in Legal Fees as Celebrity Chef Faces $6million Bill for ‘Breach of Contract’
Feisty chef Gordon Ramsay is currently the subject of a real estate dispute with an individual who owns the property where Ramsay’s Fat Cow restaurant could previously be found. Now, Ramsay is suing his ex-partner requesting that he contribute to the legal fees for the real estate dispute.

Estate Planning Fears That Keeps Us Up At Night
In order to reduce the anxiety, you should think about what you are most concerned about passing on to your heirs and focus on that in your estate plan.

Herbalife To Pay $15 Million To Settle Class Action Lawsuit
A former distributor of Herbalife brought a class action suit alleging that the company was running a pyramid scheme. The business has agreed to a large settlement which has received preliminary approval by the Federal court.

When to Have the Inheritance Talk With Your Kids
Just creating an estate plan is not enough to make sure that everything runs smoothly after you pass away. You must discuss your plan with your heirs.

Gift Tax Audits
With an increase in gift tax returns and other factors, experts in the field expect a disproportionate increase in audits.

Md. GOP Nominee Hogan Suggests Eliminating Taxes on All Retirement Income
Republican candidate for Governor, Larry Hogan, has proposed a retirement income tax break for seniors after cleaning up Maryland’s finances.

Halliburton to Pay $1.1 Billion to Settle Damages in Gulf of Mexico Oil Spill
In 2010, a BP oil rig exploded killing 11 and spilling millions of gallons of oil into the Gulf of Mexico. Now, the company whose negligence caused the spill has reached a billion dollar settlement to compensate many of the businesses and governments injured by the spill.

5 Tax Planning Tips for Your Small Business
If you are a small business owner, you should start talking your tax professional in the middle of the year about your tax plan.

Judge Nixes Lawsuit Over Empire State Building IPO
Litigation revolving around claims by private shareholders of Empire State Building shares has been dismissed by a New York State judge.

The Tax Implications for Forming a LLC
If you are starting a new business the LLC is worth considering. The LLC does have some interesting tax implications which should be contemplated before formation.

Pending home sales jump in May, but pace for year slow
After a slow winter, the number of real estate contracts has increased in May. It is predicted that there will be a slight dip in the housing market this year for various reasons.

With Offices in Maryland (Rockville or Bethesda), Virginia (Tysons Corner), and Washington, DC, the attorneys at Longman & Van Grack assist clients throughout Washington, DC and Maryland including Montgomery County, Howard County, Prince George's County, Chevy Chase, Darnestown, Gaithersburg, Germantown, Potomac, Silver Spring, and Wheaton. Hiring an attorney is an important decision which should not be based solely on advertising. The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for advice regarding your individual situation. We invite you to contact us and welcome your calls, letters, and electronic mail. Contacting us does not create an attorney-client relationship. Please do not send any confidential information to us until such time as an attorney-client relationship has been established.