Erie County has adopted new Orphans’ Court rules, to be effective 30 days after publication in the Pa. Bulletin, and superseding all previous rules. “Order Adopting Orphans’ Court Rules; Doc. No. 360 of 2022,” 52 Pa.B. 7366 (12/3/2022). … Continue reading
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Washington County has adopted new local Orphans’ Court rules relating to the records and files of the court. “Adoption of Local Rules of Orphans’ Court Procedure L-O.C. Rule 1.41 and L-O.C. Rule 15.21; No. 2022-1,” 52 Pa.B. 7269 (11/26/2022). … Continue reading
The Internal Revenue Service has released Rev. Proc. 2022-38 with inflation adjustments for 2023 and, consistent with earlier predictions, the changes in the most significant federal estate and trust planning numbers will be as follows: The federal estate tax base applicable exclusion amount … Continue reading
The Register of Wills of Lehigh County has adopted a new fee schedule, to be effective January 1, 2023. “Clerk of Judicial Records—Register of Wills Division Fee Schedule; Case No. 2022-J-0133” (9/19/2022), 52 Pa.B. 6452 (10/15/2022). … Continue reading
The Orphans’ Court of Lehigh County has adopted a new fee schedule, to be effective November 1, 2022. “Clerk of Orphans’ Court Division, Fee Schedule; File No. AO-2022-0001” (9/19/2022), 52 Pa.B. 6155 (10/1/2022). … Continue reading
With the release of the Chained Consumer Price Index (C-CPI-U) for August 2022, it’s possible to calculate various inflation adjustments for 2023. The following are the significant federal estate planning numbers, with the numbers for 2022 shown in parentheses: The … Continue reading
It was previously reported, in “Realty Transfer Tax on Remainders,” that the Department of Revenue had published a new table of life estate and remainder factors based on an interest rate of 2.6%, to be effective July 1, 2022. The … Continue reading
The Orphans’ Court Procedural Rules Committee is considering an amendment to Pa.R.O.C.P. 14.8 to require a court that completes reasonable enforcement procedures to ensure compliance with guardianship reporting to enter an order to explain the actions taken to attempt enforcement, … Continue reading
The Internal Revenue Service has announced that the two-year period for filing an estate tax return merely to elect portability has been extended to five years from date of death. Rev. Proc. 2022-32, IRB 2022-30 IRB ___ (7/25/2022). In Rev. … Continue reading
Section 15.1 of the Act of July 8, 2022, No. 53 (HB 1342), adds a new subsection 2111(u) to the inheritance and Estate Tax Act (72. P.S. §9111(u)) that exempts from inheritance tax the transfer of personal property resulting from … Continue reading