Death taxes have driven millionaires from Pennsylvania which has an inheritance tax to states like Florida where there is no death tax. But that is small potatoes compared to what is happening to our country’s billionaires. Not only do taxes drive the wealthy to other states, they drive them to other countries. Consider the case… Read More
Wikipedia: “A Ponzi scheme (named after con artist Charles Ponzi) is a fraudulent investment operation that pays returns to its investors from their own money or the money paid by subsequent investors, rather than from profit earned by the individual or organization running the operation. The Ponzi scheme usually entices new investors by offering higher… Read More
Engagement rings have a long history, dating from Roman times and before. An engagement ring indicates that the person wearing it is engaged to be married. Usually, the ring is presented to the bride-to-be as a betrothal gift by a man when she accepts his marriage proposal. Not every engagement results in a marriage. If… Read More
When a person makes a loan to a family member, friend or relative at less than the market rate of interest, there may be adverse tax consequences. There are two tax implications to consider: income tax and gift tax. Even though the loan is interest free or carries a very low rate of interest, you… Read More
Are you changing your name? Don’t think we’re only talking about the wife – some states allow men to adopt their wife’s last name, and some states permit civil union partners to change their names. Federal agencies generally don’t recognize name changes for men after marriage which means the man would need to go through… Read More
We are proud to announce that Pennsylvania Trusts and Estates Blog has been nominated as one of the Top 25 Blogs for Estate, Probate and Elder Law by LexisNexis Our Pennsylvania Fiduciary Litigation Blog was also nominated. The Top Blogs campaign on the LexisNexis Estate Practice & Elder Law Community will move ahead in several… Read More
“Always get married in the morning. That way if it doesn’t work out, you haven’t wasted the whole day.” – -Mickey Rooney Beloved actor and entertainer Mickey Rooney is 90 years old. His film, television, and stage appearances span nearly his entire lifetime. As a teenager he was a superstar in the Andy Hardy films.… Read More
The Federal Deposit Insurance Corporation (FDIC) is an independent government agency and was created in 1933 during the Great Depression. Its purpose is to protect depositors in insured banks against the loss of their deposits if the bank fails. The current limit is $250,000 which was made permanent in the Dodd Frank Wall Street Reform… Read More
One of my favorite charities, Lancaster Yeshiva Center, is competing in the Pepsi Refresh Project – they need votes! Please vote for their idea to renovate an uninhabitable city home while training vocational students: click here to vote
Pop singer Britney Spears married her childhood sweetheart, Jason Alexander, at the Little White Wedding Chapel in Las Vegas Saturday morning January 3, 2004 at 5:30 AM. She was escorted down the aisle by a hotel bellman. The bride wore jeans and a baseball hat. 55 hours later, on Monday morning at about 10:00 AM,… Read More