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
Category Archives: News
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
The Act of October 30, 2017, No. 43, P.L. 672, amended the Tax Reform Code of 1971 by adding new requirements for the withholding of Pennsylvania income tax from payments of Pennsylvania source income to nonresidents, and the Department of … Continue reading
In addition to the domain change that has been announced for Webcalculators, two new calculators have been added: Factors to determine the present value of the income interest and remainder for terms of years, one life, two lives, and the shorter … Continue reading
As previously announced, I’ve created an on-line service that provides specialized calculators for estate and tax planning issues. Although the service is still known as Webcalculators, the domain has been changed to wcalcs.com. Previous links and references to the service … Continue reading
Delaware County has updated its public access rules to reflect amendments to the statewide public access policy. “Local Rule of Judicial Administration; Case Records Public Access Policy of the Unified Judicial System of Pennsylvania; Civil Doc. No. 17-5120; Criminal Doc. No. … Continue reading