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... Continue Reading
Can A Lawyer Be a Beneficiary of a Clients Will? Pennsylvania Rule of Professional Conduct 1.8(c) deals with this issue and notes as follows: “A lawyer shall not solicit any substantial gift from a client, including a... Continue Reading
You may be healthy enough today to make your own medical decisions, but what happens if a car accident leaves in a coma or you suffer a stroke that leaves you in a vegetative state? Who will make the decisions for you if you... Continue Reading
The IRS released various inflation adjustments for 2014 (IR-2013-86; IR-2013-87; Rev. Proc. 2013-35, 2013-47 I.R.B.__(Nov. 18, 2013)), including: Gift Tax Exemption: $14,000 (same as 2013) Unified Credit: $5,340,000 (up... Continue Reading
It is a sad and sobering reality that scam artists intent on committing financial fraud or the outright stealing of money, property, or valuable information prey upon vulnerable senior citizens. The threats can take many forms,... Continue Reading