The Disciplinary Board has proposed amending the Rules of Disciplinary Enforcement to shorten the times for penalties after the annual due date for attorney registration. Attorney registrations are due July 1, and a nonwaivable penalty is imposed for registrations not … Continue reading
Category Archives: News
The Webcalculators website for online estate, trust, tax, and financial calculators now includes a projection of the value of a “sole use trust” for the benefit of a surviving spouse with and without the election to pre-pay the inheritance tax … Continue reading
Clinton County has adopted new local Orphans’ Court rules, effective thirty days after publication. “Local Rules; 29 January Term 1976” (Clinton Co. 9/28/2018), 48 Pa.B. 6551, 6561 (10/13/2018). … Continue reading
Clinton County has updated its administrative rules, including its rule on the public access policy. “Local Rules; 29 January Term 1976” (Clinton Co. 9/28/2018), 48 Pa.B. 6551 (10/13/2018). … Continue reading
With the release of the Chained Consumer Price Index (C-CPI-U) for August 2018, it’s possible to calculate various inflation adjustments for 2019. The following are the significant federal estate planning numbers, with the numbers for 2018 shown in parentheses: The … Continue reading
One of the most common capital transactions for estates is the sale of the decedent’s residence, and current tax law would seem to provide the greatest benefit to beneficiaries by claiming the expenses of that sale as part of that...
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The Supreme Court has entered an order adopting a new Rule 510 of the Pennsylvania Rules of Judicial Administration that implements a new statewide electronic filing and tracking system for reports and inventories of guardians of adult incapacitated persons. “In … Continue reading
Chester Co. has amended the fee schedule of the Register of Wills in two ways: The filing fee for an affidavit of death pursuant to 20 Pa.C.S. § 925 is changed to $25.00. “Fee Bill for the Office of the … Continue reading
A new Webcalculator has been added to my on-line service to provide factors, and values, for the valuation of unitrust remainders, such as charitable remainder unitrusts (CRUTs). These factors and computations are based on tables published by the Internal Revenue … Continue reading
Notice 2018-62, 2018-34 I.R.B. ___ (8/20/2018), provides guidance on the application of the new expanded contribution limits to “ABLE” (“Achieving a Better Life Experience”) accounts under IRC section 529A. According to the IRS, a designated beneficiary who works may contribute (in … Continue reading