Settlement did not create a “common fund” that would justify the payment of legal fees from the estate when one residuary beneficiary made a payment to the other three residuary beneficiaries, and no other beneficiaries were unjustly enriched by the … Continue reading
Daniel Evans
Daughter who had served as father’s agent under power of attorney, and who was nominated to serve as his guardian by that instrument, was not appointed by the court to serve as guardian after father was determined to be incapacitated, … Continue reading
← Previous Year | Current Year | Following Year → HTML Version Copyright 2017- Daniel B. Evans. All rights reserved. — Short Term Rates for 2018 — — Mid Term Rates for 2018 — — Long Term Rates for 2018 — … Continue reading
The statute of limitations for an action for legal malpractice in the administration of an estate began to run when a declaratory judgment action was filed to correct the alleged legal errors, and not when the court ruled in favor … Continue reading
A new Webcalculator for “grantor retained annuity trusts” (GRATs) is now up and running. … Continue reading
The Internal Revenue Service has released Rev. Proc. 2018-57, 2018-49 I.R.B. ___ (12/3/2018), with the official inflation adjustments for 2019. The published adjustments for income taxes differ in many cases from the inflation adjustments that were published here in September, … Continue reading
The IRS has issued another private letter ruling granting retroactive tax effect to a judicial reformation of a trust which the IRS agreed did not carry out the intentions of the settlor due to an error by the attorney who … Continue reading
The following article is a combination of materials created for the Pennsylvania Bar Institute’s Estate Law Institute for 2018. The section on sole use trusts is adapted from the “overview” and “details” texts that are part of the Sole Use Trust...
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The Internal Revenue Revenue has announced cost-of-living changes to limitations on benefits and contributions for retirement plans in 2019. Notice 2018-83, 2018-47 I.R.B. ___ (11/19/2018). Among the most common limitations are the following changes: The contribution limit for employees who … Continue reading
S.B. 1886 was signed into law by Governor Wolf on October 24, 2018, becoming Act 114 of 2018. The act amends 20 Pa.C.S. § 5521(c) to require Clerks of the Orphans’ Court to report delinquencies in the filing of annual reports … Continue reading