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...
If you're considering divorce or you have decided to end your marriage and want to know what the process will entail, there are several things to think about. This time in your life can be emotionally draining for several reasons, so you should know which options are...
Regardless of how large your Pennsylvania estate is, it is a good idea to have an estate plan. At a minimum, you'll want to have a will that dictates who gets your property after you pass away. It may also be a good idea to have a trust to ensure that you retain some...
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...
Even though you and your spouse are heading for a divorce, you may not want to have a long court battle. If the two of you can work together to find common ground, you may be able to proceed with a collaborative divorce. When you are in settlement negotiations, you...
Residents and new businesses in Pittsburgh and other nearby areas of Pennsylvania should be aware of legal requirements that come with starting a new business. You want to be sure that you are ready to begin a growing business. According to Nerdwallet, you do not want...
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...
