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Avoiding Taxes on Life Insurance Proceeds: The Irrevocable Life Insurance Trust (“ILIT”)

If you own a life insurance policy, you may not realize that all of the policy proceeds will be included in your estate for federal estate tax purposes at your time of death. This means that if you...

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Tax and Estate Planning Considerations For Pennsylvania’s Newly Married Same-Sex Couples

It has been a whirlwind year for same-sex marriage in Pennsylvania.  The United States Supreme Court struck down portions of the Federal Defense of Marriage Act on June 26, 2013.  On May 20, 2014,...

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What Should You Look for in an Elder Law Attorney?

An aging U.S. population has brought a myriad of changes to everything from healthcare to the workplace, with many post-retirement age adults continuing or returning to the workforce. And with these...

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Governor Signs New Strengthened Child Abuse Laws

Gov. Tom Corbett recently signed additional reforms to the state’s child protection laws, building on earlier efforts in December toward significantly strengthening Pennsylvania’s child abuse...

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The Advantages of Intra-Family Lending

With the anticipated transfer of the most significant wealth from one generation to the next in the coming years, and many families finding their children and/or grandchildren or other family members...

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Money and Marriage: Prenuptial Agreements are on the Rise

Prenuptial agreements were once the exclusive domain of celebrities and the ultra-rich. Today, however, most financial planners, attorneys and even the AARP recommends them – for an ever growing...

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Philadelphia Passes New Pregnancy Accommodation Law

Philadelphia employers now must provide “reasonable accommodation” to pregnant workers under a new amendment recently signed into law by Mayor Michael Nutter. The law amends the Philadelphia...

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How to Choose an Executor for Your Estate

It’s a common mistake: families or individuals spend countless hours on the legal intricacies of their estate, but quickly and without as much care choose an executor to oversee the estate...

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April 1 Deadline for Certain Retirement Plan Distributions

Tuesday April 1 is the deadline for most taxpayers who turned 70 ½ during 2013 to begin receiving required minimum distributions (RMDs) from many qualified retirement accounts. This deadline...

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Planning for Disabled Child: A Special Needs Trust

For families caring for a child with a disability, a special needs trust is a vital planning tool that allows money to be given to a special-needs family member while also maintaining their...

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