P&F Stands Against Hate

Author: Pasternak & Fidis

April 6, 2015

Federal Civilian Employee Benefits and Divorce

There are complex federal laws and regulations that govern retirement benefits and health, life and long term care insurance benefits for federal civilian employees and annuitants. This article provides an overview of the benefits available to them and addresses what spouses contemplating divorce should know about these benefits. A unique aspect of the DC-MD-VA area […]

December 30, 2014

Death and Divorce: A Lethal Legal Combination

Death and divorce—both events are extremely difficult and stressful in and of themselves. However, when death and divorce happen at roughly the same time, the consequences can be unexpected and may seem wildly unfair. Separation and divorce can have a significant impact on estate planning issues, which require diligent attention when marital issues arise.  Otherwise, […]

December 15, 2014

The New Maryland Trust Act

The new Maryland Trust Act takes effect January 1, 2015 and will apply to all Maryland trusts, including those created prior to its effective date.  For the most part, the Act provides default rules that can be overridden by the express terms of a trust, but some rules are mandatory. The following is brief summary […]

October 2, 2014

Planning for Digital Assets

How much of your life do you live online? Increasingly, Americans’ bank, brokerage, credit card, and utilities statements arrive by email. Recurring expenses are paid automatically without any human action required; we pay other bills with a few clicks and keystrokes. Family photos gather in virtual albums on smartphones and photo sharing websites. We file […]

October 1, 2014

Passage of Maryland Collaborative Law Act Offers Privacy Protections to Divorcing Couples

In May Governor Martin O’Malley signed the Maryland Uniform Collaborative Law Act, which passed both houses of the Maryland Legislature without objection. Effective October 1, 2014, this law allows divorcing couples to craft their own agreement to protect their confidential information during the Collaborative Process. In contrast, if the parties seek a court resolution, it […]

October 1, 2014

Tax Planning, the Federal Estate Tax and Portability

The federal estate tax is a tax imposed on the value of assets includable in a decedent’s estate. However, each person has an exemption amount. The federal estate tax exemption is the total amount a person can transfer to any benefi ciary without paying estate tax. In 2014, the federal estate tax exemption is $5.34 […]

April 1, 2014

Maryland Poised to Raise Estate Tax Threshold

Maryland estate tax bill (HB 739 / SB 602) has passed both houses in the Maryland General Assembly (the House on March 7 and the Senate on March 20).  Unless vetoed by the Governor, the new law will raise the Maryland estate tax threshold from its current $1 million to $1.5 million for those dying […]

April 1, 2014

How Much Financial Disclosure is Adequate for a Valid Premarital Agreement?

Too Much is Enough. Two recent cases, one from Maryland and one from Virginia, point up the importance of financial disclosure in premarital agreements. In each case the challenging spouse launched a multi-faceted, and ultimately unsuccessful, attack on the agreement. Inadequate financial disclosure was but one facet of the attack. Had the financial disclosure been done […]