Proposed Treasury Regulations Seek to Limit Valuation Discounts

After years of speculation, the Treasury Department has issued proposed regulations aimed at restricting valuation discounts commonly used in estate and family business planning.

Pennsylvania Department of Revenue: Tax Amnesty Program

Under Act 84 of 2016, signed into law July 13, 2016, Pennsylvania authorized a tax amnesty period from April 21, 2017 through June 19, 2017. During this limited 60-day period, the...

Divorce: The Rules Have Changed

Under current Pennsylvania divorce law, if only one spouse wants a divorce, there is a two-year separation waiting period before a divorce can be finalized. This is a longer period than many other...

HILLARY CLINTON RELEASES ESTATE TAX PROPOSAL

On September 22, 2016, Hillary Clinton released her tax proposal that she plans to enact if elected in November.  The newly-updated plan would mean big changes for the Federal Estate Tax....

What Is The Meaning Of Educational Benefit Under The IDEA?

In May 2016, the United States Supreme Court asked the U.S. Solicitor General’s office to provide information and an opinion on whether the Court should review a case concerning the level of...

LONDON CALLING: WHY THE LONDON MARKET MEANS SO MUCH

The American insurance market is large, but finite.  Although there are millions of consumers, there is a limit on available premium dollars, and the market is quite competitive.  Available...

New Montgomery County Local Orphans’ Court Rules

Property Insurers Brace for Hurricane Season 2016

Hurricane season made landfall - literally - this morning in Florida.  Hurricane Hermine is wreaking havoc throughout the Sunshine State, the first hurricane to do so since Wilma in 2005.  Heavy...

Pennsylvania Supreme Court to Weigh-In On The Definition Of Bad Faith

On August 30, the Pennsylvania Supreme Court agreed to consider whether to ratify the standard for establishing statutory bad faith under 42 Pa.C.S.A.  8371.  This standard, originally established...

Are You a Responsible Adult?

Growing up means making responsible decisions -- like planning for retirement, budgeting your time and money, and protecting your future.  Unfortunately, far too many adults are not thin