A person creates a Grantor Retained Annuity Trust (GRAT) by transferring assets to an irrevocable trust for the benefit of a beneficiary and retains an annuity interest. A person who establishes [...]
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By Act 93 of 2014, Pennsylvania recently amended the Municipal Claim and Tax Lien Law to broaden the scope of a municipality’s lien for delinquent real property taxes. Effective January 26, 2014, [...]
The federal estate tax exclusion has grown from $5,000,000 in 2011 to $5,340,000 in 2014. Beginning in 2011, if properly elected, the unused exclusion of one spouse’s estate could be used by the [...]
