With the release of the Chained Consumer Price Index (C-CPI-U) for August 2023, it’s possible to calculate various inflation adjustments for 2024. The following are the significant federal estate planning numbers, with the numbers for 2023 shown in parentheses: The … Continue reading
Category Archives: News
The Orphans’ Court Procedural Rules Committee has proposed amendments to Pa.R.O.C.P. Ch. 15, “Adoptions,” to comply with the federal Indian Child Welfare Act and its regulations. “Proposed Amendment of Pa.R.O.C.P. 15.2, 15.3, 15.7, 15.8, 15.9, 15.10, and 15.13,” 53 Pa.B. … Continue reading
The Appellate Court Procedural Rules Committee has proposed changes to the Rules of Appellate Procedure that would require the notice of appeal in an appeal from the Orphans’ Court to specifically state that it is an Orphans’ Court appeal, which … Continue reading
For many years, Registers of Wills and Clerks of the Orphans’ Courts have been collecting fees usually designated as “JCP” fees for the Judicial Computerization Project (funded by the “Judicial Computer System Augmentation Account” established by Subchapter C of 42 … Continue reading
In Notice 2023-54, 2023-31 I.R.B. ____ (7/31/2023), the Internal Revenue Service has provided some guidance on transition rules for both the changes made by the SECURE 2.0 Act of 2022 (Division T of the Consolidated Appropriations Act of 2023, P.L. … Continue reading
The Internal Revenue Service has confirmed that the assets of a trust that is a grantor trust for federal income tax purposes do not get a new income tax basis at the death of the grantor merely because the trust … Continue reading
Pa.R.O.C.P. 14.8 has been amended to include more detailed recording of enforcement actions in guardianship reporting. “Order Amending Rule 14.8 of the Pennsylvania Rules of Orphans’ Court Procedure; No. 948 Supreme Court Rules Docket” (6/12/2023), 53 Pa.B. 3305 (6/24/2023), to … Continue reading
In Rev. Rul. 2023-2, ___ I.R.B. ___, the Internal Revenue Service has held that assets held in an irrevocable trust that was a grantor trust do not receive a new basis under I.R.C. § 1014 on the death of the … Continue reading
Westmoreland County has adopted a new local form of report for adoption intermediaries. “Order Adopting New Form for Report of Intermediary; No. 3 of 2023” (3/14/2023), 53 Pa.B. 1665 (3/25/2023). … Continue reading
Philadelphia has adopted new local Orphans’ Court Rules 3.5A (“Procedure for Determination when No Response is Filed to a Petition under Pa.R.O.C.P. 3.5(a) or 3.5(b)”) and 5.50A (“Settlement of Small Estates by Petition”), and has amended and restated Rule 14.2A … Continue reading