The new federal tax law of 2017, The Tax Cuts and Jobs Act, modifies U.S. taxation for individuals and business. Estate Plans written prior to the enactment of this law will likely be affected by the significant changes to the federal estate, gift, and generation skipping transfer tax system.
In Estate Planning, Portability Allows a Surviving Spouse to Use a Deceased Spouse’s Unused Estate Tax Exclusion: There’s a New Game in Town!
In this post I focus on the differences in taxation for various types of business in the tri-state area.
This guide is intended as a resource to assist entrepreneurs, companies, families and individuals who are starting or growing a business. My goal is to explain the options and advantages and disadvantages of various possible entities for your business.
Worst-Case Scenario Sparks Major Law Change In Pennsylvania, a power of attorney (“POA”) authorizes one person, the agent, to act on behalf of the creator of the POA. The creator of the POA is called the principal. A POA can be absolutely invaluable to a principal when used as the law intends. An agent is... Continue Reading →