PA Executor Fees & Solving the Mystery of How to Calculate Them
The issue of calculating PA Executor Fees (which apply to an executor, executrix, administrator or personal representative) in estate cases is interesting because there is in fact no hard and fast rule about how such fees are to be calculated. Therefore no sure way to know what you can expect to see in the accounting […]
A Comparison of the Pennsylvania and New Jersey Inheritance Tax Laws
Some states, including New Jersey and Pennsylvania, have an inheritance tax. Other states, like Florida and New York, do not have an inheritance tax. An inheritance tax is a tax on the person who receives money from a decedent. The inheritance tax rate itself depends upon the relationship between the person receiving the money and […]
New Jersey Estate Tax
New Jersey has many different types of taxes, including two different taxes on death: the NJ Estate Tax and the NJ inheritance tax. The New Jersey estate tax is a tax on transfers at death and certain transfers in contemplation of death. Transfers to charities, a surviving spouse or a surviving Civil Union partner are exempt […]
How to Avoid Estate Litigation—Communication
Sometimes there is no preventing an estate litigation. When a family member steals items from the estate, or when the Will is poorly drafting making it confusing, litigation is sure to follow. However, most good estate attorneys will tell you, one of the biggest reasons that unnecessary litigation results is due to family members not […]
Top 10 Reasons to Have a Will
1, To determine who gets your money (Naming beneficiaries) 2, To determine guardianship (Saying who will take care of you children) 3, To determine who controls the money (Naming of executors and trustees) 4, To minimize estate or inheritance taxes 5, To avoid the cost of an insurance bond (If you do not allow for […]