In Pennsylvania, the concept of a trust can seem like a confusing legal term, but once you break it down, it is much easier to understand. Trusts are tools used to manage and distribute assets according to a person’s wishes, either while they are still living or after they pass away. Whether you are planning […]
Author Archives: Gibson & Perkins, PC
When you decide to dissolve a business in Pennsylvania, it’s important to understand that the process involves more than just closing the doors. There are several legal responsibilities that business owners must fulfill to ensure the dissolution is completed properly and in compliance with state laws. Knowing what to expect and how to handle the […]
Unfiled tax returns are a serious matter that can lead to legal consequences if not handled properly. In Pennsylvania, as in other states, failing to file your tax returns may cause a number of problems for individuals and businesses alike. The government expects that every citizen who earns an income or owns a business will […]
When buying or selling a property in Pennsylvania, understanding the legal implications of a real estate contract is crucial. A real estate contract is a binding agreement between a buyer and a seller that outlines the terms and conditions of the property sale. This contract goes beyond just listing the price of the home; it […]
Understanding the statute of limitations is crucial for anyone considering filing a personal injury lawsuit in Pennsylvania. The statute of limitations sets a strict deadline for when a legal claim must be filed, and missing this deadline can mean losing the right to seek compensation forever. This time-sensitive rule applies to a wide range of […]
When it comes to estate planning in Pennsylvania, understanding the legal distinctions between a will and a trust can be critical. Both tools play essential roles in managing and distributing assets after death, but they serve different purposes and operate under unique legal frameworks. For individuals seeking to protect their assets and ensure that their […]
Maintaining corporate formalities is essential for businesses that operate as corporations in Pennsylvania. When a company is formed as a corporation, it is afforded certain protections and privileges, such as limited liability for its shareholders. These benefits, however, come with obligations. Failing to adhere to the required corporate formalities can lead to significant legal consequences. […]
Facing an IRS investigation can be a daunting and stressful experience for anyone, whether an individual or a business. The Internal Revenue Service (IRS) is tasked with ensuring compliance with tax laws, and an investigation can have serious consequences, including fines, penalties, and in some cases, criminal charges. For Pennsylvania residents, understanding your legal rights […]
Purchasing a home is one of the most significant investments individuals make in their lifetime. It represents not just a financial decision but also an emotional one, as it involves creating a space that will be your sanctuary for years to come. In Pennsylvania, the home-buying process is particularly intricate, as it involves several legal […]