This blog, which is regularly updated by our estate planning attorneys, strives to keep our clients and potential clients informed, engaged, and connected to the latest news, trends, and current events regarding Pennsylvania asset protection, inheritance dispute resolution, executor and trustee information, will & trust law, and elder trust law.
Learn more about the estate law issues that affect you most in these short, personal, and candid legal blog posts.
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Medicare Open Enrollment Alert!We are fast approaching the beginning of the Medicare Open Enrollment period. Don't let this period pass by without re-evaluating your current choices and whether making a change is best for you.
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Federal Estate Tax Planning Alert for UTBF Clients2020 election impact on estate planning, presidential election effects on estate planning, estate tax exemption, SLAT, spousal limited access trust
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[Retirement Plan Alert] IRS Issues Updated Guidance on Early WithdrawalsAccording to the Internal Revenue Service (“IRS”), anyone, including household family members, who have lost pay during the COVID-19 pandemic is now eligible for a retirement account payout without penalty.
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UTBF Business Client Alert:Pennsylvania has updated its list of life-sustaining and non-life-sustaining businesses for the state. These distinctions are important because Governor Wolf has previously ordered all non-life-sustaining businesses to close their physical offices in the effort to slow the spread of the coronavirus.
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IRS Alert for Required Minimum Distributions Waivers for 2020!Congress recently passed legislation called the CARES Act, which among other things, waives the Required Minimum Distributions (“RMDs”) for the 2020 year.
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2020 IRS Rules Update Alert!2020 IRS Rules Update Alert! IRS Announces Increased 2020 Contribution Limits for Retirement Plans
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[Thought Provoking Quarantine Ideas & Some Thoughts On Making It Better - You'll Be Shocked To Learn About Shakespeare and Newton]covid-19; coronavirus 2020 survival tips; sir isaac newton; mental health tips;
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Helpful Tips to Navigate This Period of Social/Physical DistancingOur Trust, Estate & Wealth Preservation team sends our best wishes to everyone during these unprecedented times. Below, we have compiled a list of services and tools to help you and your family get through these challenging times while we isolate and practice social/physical distancing (some of the grocers are location-specific, but we are certain that you can find something similar in most areas).
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Information for Our Small Business Clients On The Cares Act Loans: The Payroll Protection Plan and How It May Help Your Small Business During the COVID-19 PandemicInformation for Our Small Business Clients On The CARES Act Loans: The Payroll Protection Plan and How It May Help Your Small Business During the Pandemic
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UTBF’s COVID-19 Client/Staff Safety & PreparednessCOVID-19 client and staff safety plan; UTBF emergency preparedness; coronavirus precautions
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Estate Planning for Your Horses and DonkeysWhen an owner fails to take appropriate steps to provide for their horses or outdoor animals (collectively, the “horses”), the consequences upon your death can be dire.
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Estate Planning For When Your Pets Outlive YouIf you are contemplating having an estate plan prepared or already have one, and you have pets, then it’s extremely important to consider what will happen to your pets if they should outlive you.
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An Open Letter To Our Clients On The Secure Act And How To Fix Your Estate PlanningSECURE ACT; estate planning; stretch IRA; conduit trust, IRA trust;
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The Government Has Radically Changed the Way Inherited IRAs Now Work: What you Need to Know To Fix Your Estate PlanYou may have heard that the federal appropriations bill enacted into law by Congress and the President in the final weeks of 2019 includes changes to the federal tax code that may affect your qualified retirement plan (such as a 401(k)) or IRA (sometimes called “retirement assets”).
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IRS Alert Update! New 2020 Federal Estate & Gift Tax Limits Announced by the IRSThe Internal Revenue Service (“IRS”) has officially announced the new 2020 unified estate and gift tax limits. These amounts are indexed for inflation and updated each year.
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Are You the Beneficiary of a Trust? Do You Want to Direct the Remainder When You Die?If you are the current beneficiary of a trust, whether created under a parent’s Will, set up by your deceased spouse, or by a relative, then you may have a powerful tool in your estate planning tool-box waiting to be used!
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Pennsylvania Estate Administration Legislative Update Alert!Email accounts. Social media. Photo archives. Cloud accounts. These are all examples of digital assets and you have more digital assets than you realize. But what happens to those assets when a person dies? Who has control? Who can access them? But what happens to those assets when a person dies? Who has control? Who can access them?
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Pennsylvania Inheritance Tax Rate Update Alert!Are you a parent of a child or children under age 21? If so, then this update is for you!
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What is Creditor & Asset Protection Planning?The goal for creditor and asset protection planning is to intelligently structure your assets ownership so that Judgment Creditors and other legal entanglements cannot impact your personal and Family Wealth.
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Part II: What Happens After I’ve Updated My Estate Planning Documents to Include a Disclaimer Trust?When you have a Disclaimer Trust in your estate planning documents, how do you ensure you are making the right decisions?