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It may not be Russell Wilson’s stock gift, but your gift to your kids can have tax consequences.

After signing his record contract, Russell Wilson gave $12,000 in Amazon stock to each of his linemen to saying it was his investment into their lives. Many people want to make a similar investment in the lives of their family members or help in a time of need. However, careful planning is crucial to avoid Read More

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Provide protections for your pet after your death

You may think you have considered everything when it comes to your estate planning, but if you own any animals, what will happen to them in the event of your death? One option in New Jersey and Pennsylvania is to establish an animal trust. An animal trust in Pennsylvania can be put in place while Read More

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Aretha Franklin Highlights Importance of Wills

Queen of Soul Aretha Franklin died on August 16, 2018 without a will. According to Michigan law, Franklin’s four sons will divide her large estate equally. The AP reports no conflicts have arisen among her family members, but it is expected to take years to establish the value of her estate. Two years after his Read More

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A Case Against Inter Vivos Transfers

Proceed with caution when considering an inter vivos transfer of your home or property to a child or loved one: the consequences can be critical. Some people choose to transfer the title of their home to their child during their life instead of leaving it to their child in a will. The parent then continues Read More

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Estate Planning in the Digital Age

Estate planning has become more complicated in this digital age; there is more than just physical property that needs to be dealt after death. What happens your digital assets after your death can affect your loved ones emotionally as well as financially. Take a moment to think: how many online accounts do you have? It Read More

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Tax Amnesty Program

If you failed to pay real estate taxes, corporate taxes, or inheritance and estate taxes prior to December 31, 2015, the Pennsylvania Department of Revenue (“PA DOR”) is giving you the chance to do so under its Tax Amnesty Program. The Amnesty programs runs between April 21, 2017 and June 19, 2017. During that time, Read More

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Death of Prince Brings Wills to the Forefront

The recent death of music legend Prince has brought the topic of wills to the forefront. His sister filed documents stating that Prince did not have a will. Now the court is working to determine how to divide his estimated $300 million estate among his siblings and half-siblings. This situation highlights the importance of writing Read More

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