Month: July 2020
Friday, July 17, 2020
Trusts offer the advantage of creating specific boundaries for release of funds while protecting the rest of the money and property from creditors. Even more advantageous, if you plan properly, you can eliminate some or all... Continue Reading
Thursday, July 16, 2020
Given the fact that some investments may have declined in values as a result of COVID-19 and recent economic news, an individual taxpayer may want to consider converting a traditional individual retirement account (“IRA”)... Continue Reading
Wednesday, July 15, 2020
When an individual drafts a Last Will and Testament, he or she (known as the testator) will usually specify the person or entity whom they have chosen to act as the executor of the will. When the testator passes on, it is the... Continue Reading
Monday, July 13, 2020
When a person passes away and leaves behind an estate, the total amount of the estate’s value is subject to the federal estate tax. The percentage of the estate tax varies each year, and typically is applied directly to the... Continue Reading
Wednesday, July 8, 2020
The Uniform Trust Code (“UTC”) was enacted in 2000 in order to provide states with a model guidance on trust law. Pennsylvania adopted a customized version of the UTC and enacted the Uniform Trust Act (“UTA”) in 2006.... Continue Reading