The Pennsylvania Real Estate Seller Disclosure Law (68 Pa.C.S.A. §7301 et seq.) requires that before an Agreement of Sale is signed, the Seller in a residential sale must disclose all known material defects about the property that are not readily observable. A Seller of residential property in Indiana, PA, must disclose known material [...]
Pennsylvania Act 61 of 2023, which became effective in June 2024, brought major changes to Pennsylvania’s guardianship laws. Guardians are appointed when a judge determines that a person is “incapacitated” which means that the person is partially or totally impaired to the point that they can’t manage their own finances or provide [...]
Starting January 1, 2024, many legal entities will have to report beneficial ownership information (BOI) to the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) through an electronic filing system at www.fincen.gov/boi. This new reporting requirement is intended to combat money laundering, the financing of terrorism and other illegal activity. What entities are [...]
Regardless of the overall value of your assets, you should plan now to maximize the amount that you can leave to your family and loved ones and to reduce government taxes. This is especially true for wealthier individuals who may be subject to the federal estate tax. Consulting with an experienced estate planning [...]
People often buy property with others. For example, newlyweds may buy their first home together, and business partners may purchase a new storefront together. It is important to understand the different ways in which such real estate can be owned and titled. In Pennsylvania, multiple parties can own real estate in one of [...]
Relocation involves situations after the initial custody orders and agreements have been made. When one parent with custody rights wants to move, the issue becomes whether that move significantly impairs the ability of the nonrelocating parent to exercise custodial rights. The Pennsylvania Child Custody Act provisions concerning relocation are designed to provide [...]
Severance Agreements On February 21, 2023, the National Labor Relations Board (“NLRB”) issued a ruling in McLaren Macomb, 372 NLRB No. 58 (2023) that overly broad employee severance agreements that prohibit the employee from disclosing the terms of the severance agreement or from making disparaging statement about the employer may [...]
Pennsylvania Act 122 This Act became effective on January 2, 2023 and made various changes to the laws governing domestic and foreign entities doing business in Pennsylvania (Title 15 Corporations and Unincorporated Associations). One of these changes now requires most Pennsylvania entities and also registered foreign entities to file annual reports with [...]
Estate Planning It is important to make sure that your money and property are distributed to your family, loved ones or favorite charity in the way you want when you die. It is also important to create an estate plan that minimizes taxes (such as estate and inheritance taxes) and minimizes [...]
CTM Settlement Co. is a full-service title company located in Indiana, Pennsylvania. We can help with all of your real estate transactions both residential and commercial! The first step in a real estate transaction is often the preparation of the Sales Agreement. This is a contract between the Seller and the Buyer and [...]
