It’s tough to talk about aging and long-term care, but what’s even harder is when parents and kids don’t talk about it and then find themselves trying to handle the realities of caregiving with no roadmap.
As of this writing, it appears that a third round of stimulus checks will be sent to eligible residents of Berks County and the rest… Read More »Have Stimulus Payments Made You Think About Your Legal Needs?
In the Berks County / Reading area, the COVID-19 pandemic has caused as many problems as almost anywhere else. Even the government’s attempts at relief… Read More »How Do the Economic Impact Payments Impact Recipients of Government Benefits?*
As if there isn’t enough going on these days in Berks County and beyond, tax time will be here before you know it. Yes, the… Read More »Prepare Now for Tax Time
Charitable donations have the dual purpose of saving taxes and supporting valued causes. For individuals with substantial estates, this could mean hundreds of thousands of dollars in tax savings. Charitable trusts are an ideal way to accomplish this goal. The rationale for the different treatment of charitable trusts is that society wants to encourage charitable giving.
Typically, the same rules that apply to formation and governance of a private trust apply to charitable trusts. The primary differences include that charitable trusts must benefit a charitable purpose, that a charitable trust is exempt from the rule against perpetuities and is therefore easily modified, and that the state attorney, rather than ascertainable beneficiaries, is the primary party with standing to enforce a charitable trust.
Suitable charitable purposes include objectives like the relief of poverty (giving of property to help the poor), the advancement of Read More »What is charitable giving – and is it right for you?