Blog

The Paley Rothman Blog

Paley Rothman shares this library of resources with clients and friends of the firm to help them stay ahead of legal and business developments and trends. Here, you will find helpful tips and tools written by our attorneys. The information in the blogs and articles is not a substitute for legal advice and should not be relied on as such. Should you have any questions or want legal advice, please contact the attorney who wrote the blog or article.

Diversity

Rita Moreno: Overcoming Racism and Sexism in the Golden Age of Hollywood

Best known for her iconic role as Anita in the original West Side Story film adaptation, Rita Moreno is also known as the first Latina to win an academy award for acting and one of the first actors ever to “EGOT” (that is, to win an Emmy, Grammy, Oscar, and Tony). Moreno was born in Puerto Rico and immigrated to the Bronx, New York when she was five years old. While dancing at a Spanish dance studio as a teenager in New York City, she was discovered by a talent scout. By age 16, Moreno was the primary breadwinner for her family from her earnings as a performer. By age 18, she signed with MGM studios.

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Estate & Trust Administration, Estate Planning

FAQ: What are the federal, Maryland, D.C., and Virginia estate and gift tax exemptions for 2022?

The federal estate and gift tax exemption is currently $12,060,000 per person. Due to annual inflation adjustments, this amount is expected to increase to $12,900,000 in 2023. Additionally, it is anticipated that the annual gift exclusion amount will be raised from $16,000 per donee to $17,000 per donee in 2023.These changes will create additional planning opportunities for individuals and families wishing to make tax free gifts.

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