Irrevocable life insurance trusts (ILITs) are designed to keep life insurance from being subject to estate tax in the insured’s estate. However, the trust must be precisely drafted and [...]
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The new Pennsylvania Entity Transactions Law, which went into effect on July 1, 2015, brings Pennsylvania in line with many other states in allowing for simple, statutory entity conversions. [...]
For many people, an Individual Retirement Account (IRA) can be your most valuable and important retirement asset. However, planning for the transfer of an IRA at one’s death often does not get [...]
On July 1, 2015, the new Pennsylvania Entity Transaction Law (the “Act”) becomes effective. Among its innovations, the Act significantly expands the ability of entities – including corporations, [...]
Irrevocable life insurance trusts (ILITs) are designed to keep life insurance from being subject to estate tax in the insured’s estate. However, the trust must be precisely drafted and [...]
By its nature, an irrevocable trust cannot generally be changed. And the big fear of every irrevocable trust is inflexibility. Of the many “future looking” powers we can include in a trust, [...]
Headlines about data security breaches at big companies grace newspaper covers on a weekly basis. But your company doesn’t have anything to steal, right?…Wrong. Get prepared now by [...]
By way of background, a Roth IRA is a retirement plan where the funds contributed to the plan do not qualify for an income tax deduction, but are also not taxed upon withdrawal. On the other [...]
Last Friday, a federal jury sitting in Pittsburgh awarded more than $13 million to a plaintiff who alleged that her former employer discriminated against her on the basis of sex. Sandra Robertson [...]
Acting boldly when others are meek can result in very effective estate tax planning. It seems counter-intuitive, but the recent halving of oil prices and a similar bloodletting in natural gas [...]
