Tuesdays with Todd is a weekly, one-minute, video series with tips and important information for the Maryland landlord and property manager. From instructions on filing non-payment to rent suits to steps you need to take to schedule an eviction, Todd puts the pieces together for you to help you be the most informed property manager or […]
Question: Can I use 529 plan funds to pay off student loan debt? Answer: As a result of the SECURE Act that was signed into law on December 20, 2019, families with 529 college savings plans now have more options when it comes to using 529 funds. Now you can use some of your 529 […]
This is part three of a four-part series. Read parts one and two. RPAPL §§ 512 and 522 To take land through adverse possession, an adverse possessor must also comply with either RPAPL §§ 512 and 522. These additions to the law further elaborate on the requirements of notice and exclusivity. To be clear, these requirements are in […]
Question: Can a surviving spouse change the beneficiary designation on an inherited IRA? What if the spouse becomes incapacitated, is her financial agent (under Power of Attorney) authorized to change the beneficiary designation? Answer: Most estate plans commonly include a durable power of attorney (POA). A named agent can perform financial activities for the power’s creator, even […]
The new year means new chances. For us as people, but also for our organizations and businesses. Seizing the opportunity, however, can be difficult when businesses are confronted with everyday demands. The tips below provide simple steps that can be taken in 2020 to minimize risk in your employment practices with minimal effort. 1. Update […]
Happy New Year from Offit Kurman! January is the time for beginnings—for making changes and setting new professional goals. But in order to determine where we’re going next, it’s important to take stock of where we’ve been. At Offit Kurman, we couldn’t be more grateful for all the growth and success we experienced last year. […]
A Letter of Intent (“LOI”) – also called a term sheet or memorandum of understanding (“MOU”) – expresses the parties’ intent to enter into a merger and acquisition (“M&A”) transaction and summarizes the primary terms of the deal. It is often the first negotiated document between the parties and is, therefore, extremely important in identifying […]
Question: What is the difference between an ABLE account and a Special Needs Trust? Answer: If you have a child, grandchild, or other loved one with special needs, you are likely concerned about their financial well-being particularly if you are no longer around to help provide for them. They may need to qualify for government benefits, so […]
Access to Rental Housing on a fair and equal basis is a right – and it’s the law. As a property owner, management agent or if you make your living from residential real estate, spend a minute a week to protect yourself from fair housing claims and suits. Join John each Monday morning and feel […]
Recent changes in the tax law make 2020 an ideal time to review the beneficiary designations on your retirement accounts. In particular, if you have designated a trust as your beneficiary, the new legislation makes it advisable to revisit that decision to determine whether that designation is still appropriate for your estate plan. Historically, a […]
These nuggets are all about “M & A” – most people identify M & A with mergers and acquisitions. However, did you know that the acronym M & A has many other meanings, all of which can be related to mergers and acquisitions. For example: Monitoring & Assessment – every purchaser of a business should […]
Mergers and acquisitions (M&A) are a team sport. It takes multiple people to successfully close a business transaction: the business owner or owners, the buyer, each side’s accountants and advisors, and multiple attorneys working together. For the seller, their M&A process will involve a number of attorneys through the deal lifecycle including the corporate attorneys […]