Category Archives: Estate Planning

Income, Inheritance and Realty Transfer Tax Impact of Act 13 (signed June 28, 2019)

This is just a summary and does not include an analysis of every provision of Act 13. Personal Income Tax: (Effective for tax years beginning 1/1/2020 unless noted otherwise) Qualified Opportunity Zone net gains/losses and dividends – the Pennsylvania tax [...Read More]

Life Estates: Yes, they are very much alive!

Regular readers of my blog may be surprised that I am actually writing this month’s blog on a legal topic.  Interestingly, throughout my legal career, I have had very little occasion to use Life Estates in estate planning. However, lately [...Read More]

Free Seminar – Passing on your Guns!

Passing on your Guns! Recent events make planning for guns and other weapons (e.g. compound bows) extremely important. Presented by: Vicky Ann Trimmer Esquire, CPA When: Tuesday, September 24, 2019 at 5:30pm Location: 635 N. 12th Street Lemoyne, PA 17043 [...Read More]

No-one Promised Us Tomorrow

None of us know what the future holds.  Our life can be struck down quickly from an unexpected health crisis or accident.  It is important to take time when there is no crisis to plan for the event of your [...Read More]

Providing for Your Personal Property

When thinking about your estate planning, you should also consider where you want your personal property to go.  Many of us have a unique property that might require special consideration or even proactive planning before our death.   Rare collectibles, family [...Read More]

What National Relaxation Day Can Teach Us About Estate Planning

Today is National Relaxation Day.  What a shame that we need to remind ourselves to relax! Often when I meet with families about estate planning and elder law, one of the concerns I raise is how the kids and other [...Read More]

The Importance of a Legal Health Check-Up

Just like having an annual medical checkup, establishing an estate plan is one of the most important steps you can take to protect yourself and your loved ones.  In many instances, people spend more time planning a family vacation than [...Read More]

Providing for Our Pets – In Sickness and in Health

On February 20th, pet lovers everywhere will observe National Love Your Pet Day.  This day is set aside to give extra attention to and pamper your pets.  It is also a good day to focus on the special relationship that [...Read More]

Doing your own will – You get what you pay for!

There are many online products and television ads which imply that you can easily write your own Will, Power of Attorney or Living Will (Advance Directive).  Just because you can do it, does not mean you should. Drafting estate planning [...Read More]

Pennsylvania Tax Exemption for Family Owned Business

Family Owned Business & Pennsylvania Tax Exemption Historically, family owned business owners have been faced with a difficult tax situation at death.  The business can pass to your children but not before paying the 4.5% Pennsylvania Inheritance Tax.  This often [...Read More]