Blog: Estates

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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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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Alternative Investment: Managing Market Volatility and Fiduciary Obligations

Date: Thursday, March 27, 2014 Time: 12pm to 1pm Faculty: First Niagara Private Client Services Location: Timoney Knox,...

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