Retirement-Estate-Gift-Contributions

Tax Update IRS Announces New 2020 Limits

New 2020 Limits Announced by IRS for Estate and Gift Tax Limits and Retirement Plan Contributions.

Impact of the Medicaid Estate Recovery Program on Pennsylvania Farmers

Oftentimes these lifelong savings are expended on the cost of long term care. To the farm community, this reality presents far more catastrophic consequences by threatening the farmer’s ability to preserve the family farm for future generations.

Benefits of Naming a Trust as an IRA Beneficiary

Designating a primary and contingent beneficiary of your Individual Retirement Account (IRA) is a critical part of your overall estate plan.

Tax Assessment Appeal

If you own commercial real estate, or are a tenant who is responsible for payment of real estate taxes, you may be entitled to a decrease in real estate taxes.

Medicaid-Medical Assistance Crisis Planning for Married Couples

With the cost of skilled nursing care exceeding $100,000 per year in some parts of Pennsylvania, a married couple’s assets can be quickly consumed by the cost of one spouse’s care in the event they become institutionalized in a skilled nursing facility.

Economic Development Incentives in PA

Despite budget shortfalls, Pennsylvania continues to fund numerous programs aimed at encouraging expansion of business.

Long-Term Care Planning

Traditional estate planning focuses on what will come of an individual’s assets after they pass. It does not address the reality that there is a 70% chance that individuals over 65 will require some type of long-term care, including entry into a skilled care facility.