Federal Transfer Tax Update – The American Taxpayer Relief Act of 2012
Since Congress passed the American Taxpayer Relief Act of 2012 late into the night of January 1, 2013 (a little late, but it got done) and the President signed it into law on January 2nd there has been...
View ArticleEstate Planning for New Parents
My wife and I are expecting our third child any day now, so when I saw Erik Canter’s post over at Forbes.com on financial and estate planning for new parents it caught my attention. It is generally a...
View ArticleStandards Determining Capacity for PA Power of Attorneys
Estate Planning and Elder Law practitioners in Pennsylvania routinely recommend to clients that they execute a Durable General Power of Attorney naming an agent to be empowered to act on their behalf...
View ArticleLet’s Not Forget Qualified Personal Residence Trusts (QPRTs).
With less than 5 months remaining in 2012, we have had many clients take advantage of the current $5,120,000 exemption from federal estate taxes by engaging in some form of lifetime gifting. We have...
View ArticleNational Estate Planning Awareness Week Oct. 15-21, 2012
Next Week, October 15-21, is National Estate Planning Awareness Week! Antheil Maslow & MacMinn encourages you to use this as an opportunity to discuss estate planning with your family, your...
View ArticleWhy are Beneficiary Designations Important?
On Friday we kicked-off our series for National Estate Planning Awareness Week, check out that first post here. Today I’ll talk about Beneficiary Designations! Beneficiary designations on retirement...
View ArticleEstate Planning and Joint Ownership of Property
We kicked off our blog series on Estate Planning, in honor of National Estate Planning Awareness Week, with an introduction to what estate planning is, why it’s important, and what it involves, check...
View ArticleEstate Planning for Young Adults, College Students, and Recent Graduates
As part of National Estate Planning Awareness Week, we’ve posted a series of items on estate planning issues. Check out the series Introduction, the post on Beneficiary Designations, and the post on...
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'Tis the Season...for Tax Free Gifts
It’s December. The holiday season is a time of families and gift-giving. It is also the time of tax planning and annual exclusion giving. The annual exclusion refers to the amount a person can give...
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Charitable Donations: Deductions, Limitations, and Substantiation
The holiday season is critical for charities. According to Charity Navigator, a charity will (on average) receive 41% of its annual contributions between Thanksgiving and New Year’s. Another study by...
View ArticleFederal Transfer Tax Update – The American Taxpayer Relief Act of 2012
Since Congress passed the American Taxpayer Relief Act of 2012 late into the night of January 1, 2013 (a little late, but it got done) and the President signed it into law on January 2nd there has been...
View ArticleLet’s Not Forget Qualified Personal Residence Trusts (QPRTs).
With less than 5 months remaining in 2012, we have had many clients take advantage of the current $5,120,000 exemption from federal estate taxes by engaging in some form of lifetime gifting. We have...
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A Power of Attorney: Why Should You Have One
Whenever you discuss your estate planning with your attorney, you should be sure to discuss the preparation of a Durable Power of Attorney as well. A Power of Attorney is a document that allows...
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A Power of Attorney for your College Student
Although parents may be paying tuition, covering children under their health insurance, and even claiming them as dependents on their tax return, without a Power of Attorney that parent may be helpless...
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Aretha Franklin Died without an Estate Plan – Here is Why You Should Have One
Shortly after Aretha Franklin died at the age of 76 after a battle with pancreatic cancer, documents filed in the Probate Court of Oakland County, Michigan by her family revealed that the legendary...
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Probate vs. Nonprobate Property in Your Estate – Your Will is Not the Only Way
So you have finally wrapped your head around the fact that you need to create an estate plan in order to determine to whom and in what amounts your property will pass upon your death. Estate planning...
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New Year’s Resolution: Update Your Estate Plan
Now that the hustle of the holiday season is over, everyone is looking forward to the new year. January tends to be the month where people look for a fresh start and catch up on the tasks that were...
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New Change to Pennsylvania Inheritance Tax Law Takes Effect
On January 1, 2020, a new change to Pennsylvania’s Inheritance Tax Law became effective for decedents who pass away as of that date and leave assets to children under the age of twenty-one (21). Under...
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Estate Planning for Individuals with Disabilities on the 30th Anniversary of...
Elaine T. Yandrisevits On July 26, 1990, President George H.W. Bush signed the Americans with Disabilities Act (ADA) into law. The ADA represented a sweeping change in access for individuals with...
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National Estate Planning Awareness Week 2020: The Importance of an Estate Plan
National Estate Planning Awareness Week runs from October 19-25, 2020. First celebrated in 2008, this week highlights the importance of estate planning and its vital role in your overall financial...
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