Estates and Trusts

Relocating to Florida Brings Tax Benefits

Oct 12 2020

Benefits of Becoming a Florida Resident Do you own a home in Florida? Have you ever considered becoming a Florida resident? Florida has some attractive tax benefits that may help make that decision a little easier. Unlike other states, Florida has … →

Posted in Estates and Trusts, Legal Watch, Real Estate

What Happens To My Digital Assets When I Die?

Sep 28 2020

Until very recently, Pennsylvania did not have any concrete guidelines as to how your personal representative could access your digital assets (online accounts) if you were to become disabled or die. On July 23, 2020, Governor Wolf signed Act 72 … →

Posted in Estates and Trusts, Legal Watch

Should an Irrevocable Trust Be Part of My Estate Plan?

Sep 02 2020

What is an irrevocable trust? An irrevocable trust, created by a grantor, is a type of trust that cannot be revoked or amended by the grantor during their lifetime or at the time of the grantor’s death. Once the irrevocable … →

Posted in Estates and Trusts, Legal Watch

Benefits of Separate Revocable Trusts for Married Couples

Aug 27 2020

In our post, “4 Key Benefits of a Revocable Trust”, our Estates & Trusts team discussed the benefits of placing your assets into a revocable trust before your death or potential incapacity. Revocable trusts provide numerous benefits not enjoyed by … →

Posted in Estates and Trusts, LLG News

June Never Looked So Good for Estate Planning

Jun 08 2020

The all-time low 7520 “hurdle” rate for June has made the “GRAT” a very attractive estate planning strategy. June 2020 is shaping up to be a very attractive month for estate planning. As we maneuver through these uncertain times in … →

Posted in COVID-19 Updates, Estates and Trusts, Legal Watch

Pennsylvania Temporarily Allows Remote Notary Services

Apr 20 2020

SB 841 Provides Framework for Remote Online Notarizations On  April 20, 2020, Governor Wolf signed into law Senate Bill 841 which, among other things, provided a loose framework for notaries to perform authorized “remote online notarizations” (RON), while also providing … →

Posted in COVID-19 Updates, Estates and Trusts, Legal Watch

Executing Estate Planning Documents During COVID-19

Apr 13 2020

The Lynch Law Group Offers Remote Estate Planning Services Amid the COVID-19 crisis, many people are wondering about the requirements and recommendations for executing an estate plan. We have compiled a list of the minimum statutory requirements for the critical … →

Posted in COVID-19 Updates, Estates and Trusts, Legal Watch

CARES Act – Waiver of 2020 Required Minimum Distributions

Apr 09 2020

The CARES Act Waives 2020 RMDs For Individuals As many of you are aware, the Coronavirus Aid, Relief, and Economic Security, or “CARES Act”—the third emergency bill that Congress has passed in response to the novel coronavirus (COVID-19) pandemic—was signed … →

Posted in COVID-19 Updates, Estates and Trusts, Legal Watch

Not All Tax Deadlines are Extended – Which Tax Deadlines Affect You

Mar 30 2020

Most Tax Filing and Payment Deadlines Have Been Extended But NOT All Due to the COVID-19 pandemic, the IRS, Pennsylvania Department of Revenue, and local tax agencies have been working to lessen the burden of filing and payment deadlines on taxpayers. Additionally, the IRS, Pennsylvania Department of Revenue, … →

Posted in COVID-19 Updates, Estates and Trusts, Legal Watch

PA Dept. of Revenue, Inheritance Tax Division: Procedures in Response to COVID-19

Mar 24 2020

What Taxpayers Need to Know About Inheritance Tax Filing and Payments   The Department of Revenue has closed all physical offices and call centers. Currently, the only method of contacting the office is through the Department of Revenue Customer Support website. … →

Posted in COVID-19 Updates, Estates and Trusts, Legal Watch