By Michelle L. Evans
The presumably permanent federal estate tax exemption of $5,000,000, as indexed for inflation, has created an increased focus on state estate taxes. In order to remain attractive to individuals concerned about estate tax exposure, some states have recently passed legislation to increase their estate tax exemptions. For example, Maryland enacted a new law that gradually increases the Maryland estate tax exemption each year until it matches the federal estate tax exemption in 2019. The District of Columbia recently enacted the Tax Revision Commission Implementation Amendment Act of 2014 (the "TRC ACT"), which became law on February 26, 2015, and makes several changes to the D.C. estate law.