Blog Category | Estate & trust administration

Pennsylvanians now have a new way to make trusts more flexible and efficient in their estate plans. On July 15, 2024, Pennsylvania’s Governor Josh Shapiro signed into law Act 64 of 2024, bringing a version of the Uniform Law Commission’s Directed Trust Act ( “the Act”) to Pennsylvania, which went...

As an iPhone owner, you probably have hundreds, if not thousands, of photos stored on your phone, but what happens to those photos after you die? Chances are, you haven’t printed all of the photos that you’ve taken, and you may not have taken steps to ensure that those photos...

A Beneficiary Defective Inheritor’s Trust, also known as a “BDIT,” is one of the most powerful estate tax and asset protection strategies available to taxpayers. A BDIT is an irrevocable trust created by a third party (“Third-Party Grantor”) that grants the taxpayer (who is both a trustee and the initial...