This blog, which is regularly updated by our estate planning attorneys, strives to keep our clients and potiential clients informed, engaged, and connected to the latest news, trends, and current events regarding Penn. asset protection, inheritance dispute resolution, executor and trustee information, will & trust law, and elder trust law. Learn more abou the estate law issues that affect you most in these short, personal, and candid legal blog posts.
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The IRS Has Extended The Time to File A “Portability Return” From 2 Years to 5 Years. If You Are A Surviving Spouse This Is Vitally Important to Protecting Your Heirs From Possible Federal Estate Tax At Your Death! time to file portability return; Form 706; estate administration -
FAQs - Revocable and Irrevocable Trusts Our Series on Trusts will provide clarity on what trusts are, how they can be used, and the differences between the various kinds of trusts. -
Demystifying Trusts -- How Trust Planning Can Benefit Your Family Our Series on Trusts will provide clarity on what trusts are, how they can be used, and the differences between the various kinds of trusts. -
Demystifying Trusts -- How Trust Planning Can Benefit Your Family -- Part I Our Series on Trusts will provide clarity on what trusts are, how they can be used, and the differences between the various kinds of trusts. -
2020 An Analysis & Summary of End of Year Gifting and Unique Planning Opportunities end of year gifting, revocable trusts, SLAT, ILIT, Life insurance trust, CLAT, GRAT, gifting, -
Federal Estate Tax Planning Alert for UTBF Clients 2020 election impact on estate planning, presidential election effects on estate planning, estate tax exemption, SLAT, spousal limited access trust -
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. -
Have An IRA Or 401(K) That You Might Leave To Your Heirs? If So, You Need To Know That The Government, And Both Political Parties, Are Preparing To Hit Your Heirs With Some Very Negative Tax Consequences… And What To Do About it IRA inheritance taxes; asset protection; estate planning techniques; -
[Updated 2022 / 2023 Ed.] Gifting and Other End of Year Estate Planning for 2022 and 2023 year-end estate planning tips, strategies and actions you need to consider to protect your heirs and your assets. 2021 Update -
Will Your Family Business Die With You? Many families do not have a succession plan for their business. 70% of family businesses do not survive to the next generation. What you can do to change that -
What You Need to Know about Beneficiary Designations including life insurance, 401(k) and IRA beneficiary designations Some assets fall outside of your will/trust and your beneficiary designations control who gets those assets.What should you know about Beneficiary Designations? -
The Family Limited Patnership In Estate and Business Planning The Family Limited Partnership is alive and well in estate planning. However, you must be more cautious than ever to take advantage of the many business and estate planning benefits of the FLP to avoid IRS scrutiny pr challenge. -
Asset Protection Of Bank Accounts - It's Not All About The Signature Card A Florida bankruptcy judge has rules that a couples' actions after establishing a bank account might destroy the protected joint status of that account. This is a good to know in any jurisdiction -
Estate Planning - The Issues and Strategies For Families With Minor Children Pennsylvania attorney David M. Frees III on estate planning issues unique to families with young children. Have children 18 or under? Then this article is essential reading. -
529 Plans The Top Five Reasons The five top reasons to do a 529 Plan to save for college education and web resources for more information about the Pennsylvania 529 and how to compare the pros and cons of state 529 plans -
Tiger Woods, Prenuptials and Estate Planning For Second Marriages Tiger Woods disaster reminds us that prenuptials aren't just for divorce. Prenups and post-nuptial agreements are a powerful too for avoiding disputes about estate planning in second marriages. -
When It Comes To Bank and Investment Accounts Less Can Be More Many clients have too many bank and investment accounts. Keeping track of lose stock certificates and multiple cds and investment accounts can drive up fees, result in lost accounts and information, and make planning almost impossible. When is a lot of accounts too many?