Estate Planning 2022 Outlook

With the new year upon us, let's discuss what the estate planning landscape will look like for the coming year and beyond.

Before I get too deep into the changes for the year and changes ahead, do you realize that ten years ago was 2012? The iPhone 4S was...

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Estate Planning News

Estate Planning Update: 2022 Figures

2022 is on the horizon, and with that, some updates are in order on what we know so far. The caveat remains: Congress is unpredictable, especially this time of year. We may find out this month about some further changes in tax laws. We'll keep an eye out and update you accordingly.

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House

Gifting the House For $1: Good Idea or Not?

A common estate planning question is whether it is a good idea to gift your home to your children or other loved ones for a dollar. In the Commonwealth of Pennsylvania, when there is no outstanding mortgage or other title issues, the process itself involves drafting and recording a new deed, the kind of...
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2014 Election & Estate Planning Law Changes

What Does The 2014 Election Mean For Your Estate Plan?

The saying goes, “elections have consequences” but poll after poll show Americans dissatisfied with the fact that government, no matter what party, can’t get anything done. Others argue that the beauty of our system is that the wheels are slow to turn. Whether government passes...

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Term Life Insurance vs Whole Life Insurance

Term Life Insurance vs Whole Life Insurance - Why It Matters

Life insurance is a commonly used tool in estate planning, but often misunderstood or misapplied. It is one tool of many, and you should consider life insurance as part of a comprehensive plan.

Term life insurance is essential insurance that...

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Federal Estate Tax Update

In December 2017, the Tax Cut and Jobs Act of 2017 was passed by Congress and signed into law. The updated 2019 exemption amount for estate taxes and gift taxes is $11.4 million per person, or $22.8 million for a married couple. If you have more than this amount when you die,...

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