A pour-over will is a specific type of will and testament designed to work with a trust-based estate plan. Pour-over wills can come in handy with the individual who created the trust does not transfer all of their assets into the trust and doesn't have a will to...
Pennsylvania does not have an estate tax. However, it does have an inheritance tax that applies to assets transferred upon death to someone other than a spouse. When you are a beneficiary of property, the state's inheritance laws impose a percentage of the asset's...
Couples in Pennsylvania who have decided to end their marriage might opt to reach a divorce settlement through mediation. When couples are willing to collaborate on resolving their issues, with the assistance of a mediator, they find many benefits that will not only...
2020 saw Americans changing where they live and work at a dizzying speed. More people are working remotely from different states and seeing income tax issues. Some sectors, such as the entertainment industry, are already dealing with income tax issues. How does having...
When coming up with an estate plan in Pennsylvania, one of the main issues to tackle is taxes. You need to know how much the state or federal government will take when your beneficiaries receive your estate. Here's a look at estate taxes that may apply in your estate...
Couples in Pennsylvania do not usually plan for a divorce when they begin their marriage, but if it does come, it might have a significant effect on their financial situation. However, while couples cannot usually just take out an insurance policy against the...
Taxpayers often hope their returns process swiftly and without any problems. Unfortunately, not every federal return filed by a Pennsylvania resident avoids problems. Some issues could be minor ones that end up resolved without much trouble. Then, some taxpayers find...
The future is always so uncertain, but we can put ourselves in a position where no matter what happens, our families and our assets will always be protected through estate planning. If you live in Pennsylvania and have a family and any assets to your name, then you...
Ideally, a portion of your business plan will be dedicated to considering the types of legal issues that your Pennsylvania company might encounter. This will make it easier to determine when you need to hire a lawyer to help represent the company's interests....
When you file your taxes at the beginning of each year, the last thing you want to think about is your potential for getting audited. The fact is that the Internal Revenue Service audits very few returns. However, there are certain things that appear on returns as red...
