First Proposal -Under the current tax system, a federal estate tax is payable based on the net worth of a person at the time of his death. There is a current $11.7 million per-person tax exemption. Therefore, only assets over $11.7 million are subject to estate tax, and if a person dies with [...]
Are you operating a family-owned business and worried about how to transfer the business to your family members? The transfer of your family-owned business to your family members may not be subject to any PA Inheritance Tax if it meets certain requirements. PA Inheritance Tax is due within 9 months after the date [...]
One of the biggest changes for divorce clients as a result of the Tax Cuts and Jobs Act of 2017 (the “TCJA”) is the elimination of the deduction for payments of “alimony” starting January 1, 2019. The deduction for alimony payments originally came into law more than 75 years ago with the passage [...]
On September 22, 2020, the Department of Labor (DOL) announced a proposed rule in order to clarify when a person is classified as an employee versus as an independent contractor under the Fair Labor Standards Act (FLSA). This proposed rule is intended to make it easier for employers to identify who can safely [...]
Governor Wolf signed PA House Bill 262 of 2019 into law on June 28, 2019 which included a significant change to the Pennsylvania Inheritance Tax rate for children under 21 years old that inherit from their parent. Prior to this new law, the Inheritance Tax rate for transfers from a natural parent, an [...]
Local municipal laws govern many aspects of our day to day lives that we may not even be aware of. For example, zoning laws and setback requirements govern where we can build structures on our own property, building codes govern how those structures need to be built and maintained, and local shade tree [...]
Pennsylvania Governor Tom Wolf and Lt. John Fetterman recently issued their final report as to the results of a statewide tour on what Pennsylvania residents thought of legalizing adult-use recreational marijuana and ways Pennsylvania could reform existing marijuana laws. The overwhelming majority of Pennsylvania residents are in favor of the legalization of adult [...]
The parties to a lawsuit often engage in discovery, which is a process that allows a party to obtain important information from the other party in order to assess the strengths or weaknesses of their case and also to get information from the other party. Examples of discovery are Interrogatories, Requests for Production [...]
Buying a home can be one of the biggest purchases of your life. A lawyer can help you avoid some of the common problems. Purchase Agreement - Realtors often use standard printed forms from the Pennsylvania Association of Realtors® (PAR). Although these forms are useful, an attorney can explain the many provisions and [...]
Many of us think of our companion pets as family members. It is therefore important to make sure that your pets are cared for if ever you were unable to do so. One way to plan for their continued care is to create a Pet Trust in your Last Will. Pennsylvania law recognizes [...]
