Compromise Tax

Reasons to Value a Trust

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Reasons to Value a Trust

Recently I gave a lecture on the valuation of trusts.  While I am not an accountant nor am I a valuation expert, I live and breathe trusts… and frequently the question comes up, what is value of a particular beneficiary’s interest in a trust. Keep in mind, just because a trust is worth $1M, it […]

Estate Planning

Pennsylvania Same Sex Married Couples No Longer Have to Pay Inheritance Tax

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Same Sex Couple

On May 20, 2014, declared that Pennsylvania’s laws banning same sex marriage was unconstitutional.  Besides the practical implication that same sex couples in Pennsylvania may now get married, it also means that when one spouse dies, the survivor can now inherit tax free. Previously, only a heterosexual surviving spouse could inherit assets of the deceased spouse […]