Governor O’Malley in Maryland Signs Estate Tax Changes into Law
On May 15, 2014, Governor O’Malley signed a bill increasing the amount of wealth that can pass to heirs free of Maryland estate tax. Prior to the passage of this new law the applicable exclusion is $1,000,000, meaning that $1,000,000 can pass to heirs free of Maryland estate tax. After the end of 2014, the [...]