According to the IRS website, federal estate tax closing letters will no longer be automatically issued. Instead, for estate tax returns filed on or after June 1, 2015, closing letters will only be issued upon request. Taxpayers... Continue Reading
Not everything you own will automatically go through probate. The obvious assets that will need to be probated are those with a title that is in your name only. These might include bank accounts, investments, home, other real... Continue Reading
In the majority of cases, the purpose of a trust is the preservation of assets for future generations. In plain English, trusts are often vehicles intended to help take care of the trustor’s (ok I cheated, this word is pure... Continue Reading
In the estate administration and estate litigation case of Estate of Davis v. Treadway, PICS Case No. 15-4444 (Pa. Super. Sept. 11, 2015), the Honorable Victor P. Stabile, writing on behalf of the Pennsylvania Superior Court,... Continue Reading
In the trust litigation case of Trust Under Agreement of Taylor, PICS Case No. 15-1488 (Pa. Super., Sept. 15, 2015) the Honorable Anne E. Lazarus, writing on behalf of the Pennsylvania Superior Court, ruled that the Orphan’s... Continue Reading