The Pa. Department of Revenue has issued a Realty Transfer Tax Bulletin explaining the exemption for real property distributed from an estate, and the bulletin provides some helpful guidance on a few issues. Realty Transfer Tax Bulletin 2024-01, “Transfers from...
The Supreme Court has adopted a new Pa. R.O.C.P. 10.7 implementing 20 Pa.C.S. 3908, which provides that the filing of certain affidavits with the Register of Wills has the same effect as the “finding of a court” for the purpose … Continue reading
Philadelphia County has adopted a revised Phila. O.C.Div. Rule 5.16B for petitions to determine title to a decedent’s interest in real property under 20 Pa.C.S. § 3546, as revised by the Act of July 8, 2016, No. 79 of 2016. “Adoption … Continue reading
The Court of Common Pleas of Butler County has issued the first general administrative order in Pennsylvania (and one of the first in the U.S.) governing court filings produced using “generative artificial intelligence” (also known as “large language models,” such … Continue reading
In addition to the numbers shown in “Unofficial Inflation Adjustments for 2025,” practitioners may also wish to know that the limit on qualified charitable distributions from individual retirement accounts under I.R.C. § 408(d)(8), which had been $100,000 in 2023 and … Continue reading
The Bureau of Labor Statistics has published the Chained Consumer Price Index (C-CPI-U) for August 2024, and so it’s possible to calculate various inflation adjustments for 2025. The following are the significant federal estate planning numbers calculated for 2025, with … Continue reading
The Pa. Rules of Appellate Procedure have been amended to define “Orphans’ Court appeal,” provide a new rule for determining the date on which Orphans’ Court orders have been entered, and require that the notice of appeal from the Orphans’ … Continue reading
The Internal Revenue Service has published final regulations to address some of the changes to the required minimum distribution rules under the amendments to section 401(a)(9) made by sections 114 and 401 of the Setting Every Community Up for Retirement … Continue reading
S.B. 115 has been passed by both houses of the Pennsylvania legislature and was signed by the governor on July 17, 2024, becoming Act 65 of 2024, P.L. ___, to be effective in 60 days. The bill amends 20 Pa.C.S. … Continue reading
S.B. 1231 has been passed by both houses of the Pennsylvania legislature and was signed by the governor on July 15, 2024, becoming Act 64 of 2024, P.L. ___, to be effective in 90 days. The bill adopted changes to...