Category Archives: Trusts & Estates

Legal Options for Contesting a Trust in Court in Pennsylvania

Legal Options for Contesting a Trust in Court in Pennsylvania

Trusts are commonly used to protect and distribute assets in Pennsylvania. They offer a way to ensure that a person’s wishes for their property and finances are followed after their death. However, there are times when a trust is challenged or contested in court. This might happen if someone believes that the trust is unfair, […]

The Legal Differences Between a Will and a Trust in Pennsylvania

The Legal Differences Between a Will and a Trust in Pennsylvania

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 […]

Strategies to Minimize Capital Gains Taxes in Pennsylvania Trusts

Strategies to Minimize Capital Gains Taxes in Pennsylvania Trusts

Managing trusts in Pennsylvania involves navigating a complex web of tax regulations, especially when it comes to capital gains taxes. These taxes, which are levied on the profit from the sale of assets, can significantly impact the value of a trust’s assets if not properly managed. For trustees and beneficiaries alike, understanding and implementing strategies […]

Understanding the Rules and Process of Pennsylvania Trust Termination

Anticipating Potential Problems in Commercial Lease Disputes

Trusts play a crucial role in estate planning, offering a structured way to manage assets, provide for loved ones, and achieve various financial goals. However, there comes a time when a trust may no longer serve its intended purpose or the circumstances surrounding it may change, necessitating its termination.  In Pennsylvania, the process of trust […]

Key Differences Between Revocable and Irrevocable Trusts in Delaware County, PA

Key Differences Between Revocable and Irrevocable Trusts in Delaware County, PA

Trusts are powerful legal instruments that allow individuals to manage and distribute their assets according to their wishes, while also providing various benefits such as asset protection, tax planning, and privacy. In Delaware County, Pennsylvania, individuals have the option to establish revocable or irrevocable trusts, each with its own unique features and advantages. Understanding the […]

Strategies for Reducing Estate Taxes in Pennsylvania

Strategies for Reducing Estate Taxes in Pennsylvania

Estate taxes can be a significant financial burden for those who are left behind after a loved one has passed away. In Pennsylvania, the estate tax rate can reach up to 15% on estates valued at over $1 million. Fortunately, there are several strategies that can be used to reduce estate taxes in Pennsylvania. In […]

Understanding Probate in Pennsylvania

Understanding Probate in Pennsylvania

Probate is a legal process that occurs after someone dies. In Pennsylvania, probate is handled by the Register of Wills, a county official who oversees the administration of a deceased person’s estate. Understanding probate in Pennsylvania can help you make informed decisions about estate planning and navigate the process if you are named as an […]

Estate Planning for the Practicing Accountant Webinar – September 12

Estate Planning for the Practicing Accountant Webinar

Attorney and LLM (Tax) Edward Perkins presents “Estate Planning for the Practicing Accountant,” a live Webinar – on Thursday September 12, 2019. An online Webinar for 1 hour of CLE and CPE credit; this program is available for credit in various states, including Pennsylvania, Delaware, New Jersey, and New York. You’ve set up an estate […]

Special Needs Trusts Webinar – July 25

Special Needs Trusts Webinar

Attorney Edward Perkins presents “Special Needs Trusts for Litigators,” a live Webinar – on Thursday July 25, 2019. This program is available for 1 hour of CPE credit in states under NASBA jurisdiction and 1 hour of CLE in various states, including Pennsylvania, Delaware, New Jersey, and New York. Join us for this exciting program […]

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