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AN EMPLOYER’S OWNERSHIP AND CONTROL OF ITS EMPLOYEE’S SOCIAL MEDIA USAGE Social Media usage has become increasingly popular among Americans, with many people utilizing social medial websites, such as, Facebook, Twitter, LinkedIn and YouTube. However, an employee’s use of social media can intertwine his/her personal life with his/her business life and creates a need for […]

THE SEASON OF TAX UNCERTAINTY: FEDERAL ESTATE TAXES FOR 2013 AND ONWARD For Federal Estate Tax Planning, we are in an even more uncertain place than we were 2 years ago. Not only are we waiting and watching on what will be done with the Federal Gift and Estate Taxes (the “Transfer Taxes”), but now […]

TAX PLANNING THE 2013 TAX CHANGES- ARE YOU PREPARED? With the end of the year creeping up, soon enough the new 2013 tax rules reversing much of the Bush administration tax breaks will be coming to a forefront. One notable tax change is the Obamacare 3.8% Medicare tax on investment income under 26 U.S.C. § […]

ESTATE PLANNING – How to Appoint an Executor and Trustee Who you appoint as executor of your will or as trustee of your trust is an important decision because the positions carry significant responsibility. Executors and trustees (“fiduciary” or “fiduciaries”) must efficiently administer your estate or trust, respectively, and your fiduciary will have responsibility for […]

The Uncertainty of Federal Estate Tax Rules for 2013 and Onward After two years we are in the same place as we were in 2010: watching and waiting on what will be done with the Federal Estate and Gift Taxes (the “Transfer Taxes”). After the Economic Growth Tax Relief Reconciliation Act (“EGTRRA”) rules from 2001 […]

THE FINANCIAL DISSOLUTION OF A MARRIAGE ‐ PART II EQUITABLE DISTRIBUTION In the May 2012 newsletter, we covered the topic of the support and maintenance of the spouse and children during and after a divorce. In this month’s newsletter, we will discuss the equitable distribution of marital assets in a divorce. In a divorce, spouses must divide […]

THE FINANCIAL DISSOLUTION OF A MARRIAGE PART I While everyone hopes their marriage will last forever, more than fifty (50%) percent of marriages end in divorce.    When a couple separates they must begin to untangle the lives they so carefully built together, divide assets acquired during the marriage, social friends and make financial arrangements […]

A. Protection From Corporate Veil Piercing of Corporations/LLCs      Often times individuals will form privately held businesses as corporations or limited liability companies and enjoy the protection from personal liability that these formal entities offer. In the February, 2012 case of Walmsley v. Ehmann, the Superior Court of Pennsylvania stated that the corporate veil may […]

What is a Trust Protector? A growing trend in trust planning is the use of a Trust Protector. A Trust Protector is a person the settlor or creator of the Trust appoints to ensure that the trustee carries out the settlor’s wishes. In other words, a Trust Protector is the watchdog of the trust and […]

EQUITABLE DISTRIBUTION OF MARITAL PROPERTY IN A DIVORCE In Pennsylvania “marital property” is defined as “all property acquired by either party during the marriage and the increase in value of any non‐marital property.” Simply put this means that any assets a couple acquires during the period of their marriage is viewed jointly as “marital property.”  However, […]