High Swartz - Attorneys At Law LLP

Is donation-based crowdfunding considered income? If so, how is it taxed?

An elderly man beaten with a brick on July 4th in Los Angeles is in critical condition. A German Shepherd is beaten and shot while protecting his young owner during a burglary. Then, there is the little girl born prematurely who needs tests, treatments, doctors and surgeries to survive. In each of these situations, the […]

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Ancillary probate: What is it and how to avoid it in estate planning

by Stephanie Henrick | December 4, 2018   As the weather turns colder and thousands of northeastern “snowbirds” prepare to head south to their winter homes, thoughts turn to warm gulf breezes, Christmas lights in palm trees, and, of course, what the heck to do about that looming ancillary probate problem. Well, maybe they’re not […]

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Death, Debts and Taxes: What happens to a decedent’s debts?

August 7, 2018 A common concern of clients during the initial estate administration process is the debts of the decedent.  Clients often wonder, who is responsible for paying the debts?  Can the debt be forgiven? What happens if the estate does not have enough money to pay the debts? These questions are all valid  The […]

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Planning a Funeral

June 5, 2018 By Stephanie A. Henrick People love to make plans-the perfect wedding, that dream vacation, a comfortable retirement, the kitchen remodel.  Making plans is one of the great joys of life- except for when it comes to making plans for the end of it. Understandably, we don’t like to think about—much less make […]

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Revocable Living Trust: Not the Magic Bullet

April 11, 2018 So what is a revocable living trust?  A trust is a legal written agreement between various individuals:  The individuals involved include the trustmaker, who is the person that creates the trust agreement (also commonly referred to as the grantor, trustor or settlor); the trustee, who is the person that manages the trust […]

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Contesting a Will – Things to consider

February 23, 2018 By Donald Petrille, Jr. It’s an emotional time.  A loved one has just passed away.  You are struggling with the final arrangements and receiving the obligatory well-wishes from friends, family and acquaintances.  You take comfort in knowing that your loved one had properly planned her estate.  You believe, based on your close […]

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Highlights on the New Tax Law

January 23, 2018 By Stephanie A. Henrick While we are still waiting for the U.S. Department of Treasury to issue guidance on the new tax laws, here is what we know: Estate and Gift Tax Changes The federal estate, gift and GST tax exemptions have doubled to $11,180,000 per person ($22,360,000 for a married couple). […]

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Why do you need a Power of Attorney for your Child in College?

July 18, 2017 Do you have a child going off to college this fall?  Then you know it is time to start shopping for all of the dorm room essentials.  But perhaps more importantly, it is also time for them to consider a Power of Attorney.  Doctors, hospitals and even the college they are attending […]

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A Daughter’s Plea

In Loving Memory of Christina C. Henrick (December 27, 1949-April 28, 2017) May 24, 2017 By Stephanie A. Henrick While this is extremely hard for me to write, I think it is important to share my personal experience in order to hopefully prevent others from suffering what I have just gone through. I am an […]

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Planning your Estate – Living Wills

May 2, 2017 By Donald Petrille, Jr. When planning your estate, it is often the best time to discuss how you would like your health care decisions to be made in the event you cannot communicate your wishes.  An advanced healthcare directive is a necessary document for any future planning. Many people broadly use the […]

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When is a Will Really a Will?

January 10, 2017 By Donald Petrille, Jr. The rules for executing a Will in Pennsylvania are simple and clear.  Unfortunately, life, and its circumstances, often are not, and these circumstances can unwittingly lead to a Will contest. Pennsylvania law is clear.  If someone signs a document which is intended to dispose of property or other […]

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Who’s Afraid of the Big Bad IRS? Corporations, Partnerships, LLC’s and other family business entities….That’s Who!

November 30,2016 By Stephanie A. Henrick What did the IRS do now? The IRS issued proposed regulations under IRC §2704 in August of 2016 that may eliminate certain discounts commonly used in valuing intra-family transfers of interests in family businesses. The IRS claims that these proposed regulations are “necessary to prevent the undervaluation” of these […]

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5 Tips for a Successful Estate Planning Meeting

November 3, 2016 While it is a matter often ignored for many years, preparing a Will, Power of Attorney and Advanced Healthcare Directive is  very important for any adult. In order to have a successful initial estate planning meeting, here are some questions to think about: Why do I need an estate plan? An estate […]

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What Does It Mean When Your Children Turn 18?

June 21, 2016 By: Stephanie A. Henrick This post originally appeared in the June 2016 Local Living Magazine. While the law considers an 18-year-old to be an adult, it doesn’t necessarily mean that your child is independent. At 18 your child can get a credit card, vote, take out school loans, and enter binding contracts, […]

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Estate Planning Tips for Unmarried Couples

January 20, 2016   As society has become more accepting of all types of couples and families it is becoming more common for couples to choose to live together in property they’ve purchased jointly before marriage, or even in lieu of marriage. That being said, the law has not quite caught up, and unmarried couples […]

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Probate and Pennsylvania inheritance tax

by Stephanie Henrick | January 14, 2016   Bennie’s sister, Daisy, died with a Will, leaving everything to Bennie and naming him as Executor. She owned a house in her name where she and Bennie lived together, all her bank accounts were jointly owned with Bennie, and Bennie is named as designated beneficiary on her […]

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Protecting Your Spouse and Other Loved Ones Through Strategic Estate Planning

January 15, 2015 Ensuring that your spouse and other beneficiaries are financially protected in the wake of your death is equally as important as protecting your assets while you’re alive. Consider some of the ways, described below, in which thoughtful estate planning provides security and other benefits to your loved ones after you’re gone:

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