Articles

The buy-sell agreement arguably is the most important legal agreement for closely-held entities.  The items listed below are common errors we see in these agreements, or items often not addressed.  For a more detailed discussion, attend our “Understanding Buy/Sell Agreements” ...

The administration and distribution of estate assets following the death of an individual will vary time and cost-wise depending on the structure of the estate (e.g. size, nature of assets, circumstances of the heirs, and whether estate is in trust ...

Inheritance Tax is imposed on the value of a decedent’s estate transferred to beneficiaries by will or intestacy. It is calculated at a percentage of the value of the assets transferred, which is determined by the relationship of the heir to the ...

Do Safe Deposit Boxes Have To Be Inventoried By The State After Someone Passes Away? Yes. Because safe deposit boxes may contain assets which are subject to the Pennsylvania Inheritance Tax, the law prohibits the removal of the contents of any safe deposit ...

1. Telling Clients Life Insurance Is “Tax Free” Life insurance is often free of income tax, but it is likewise usually subject to estate tax unless it is planned carefully. 2. Giving The Client “Incidents Of Ownership” In The Policy If the insured has incidents ...