by Nick Montagenese | Sep 21, 2020 | Articles
Five Types of Risk Businesses Face Pursuing a business venture naturally involves risk. Eliminating all risk is not an option—there are many factors beyond your control, and it is impossible to prevent every circumstance that might deviate from your plans....
by Nick Montagenese | Sep 17, 2020 | Articles
What Are My Duties If I Agree To Serve As An Executor? The executor’s first duty is to gather and secure the estate’s assets. Finding all of the assets may not be easy. Some decedents keep no records/some keep too many. There may be no immediate cash available for...
by Nick Montagenese | Sep 17, 2020 | Articles
What Is Probate? We often hear that “Probate” is something we want to avoid. But what is “probate”? The short version is that probate is the process of gathering the assets of the Decedent, paying Decedent’s creditors and Taxes, and then distributing the remaining...
by Nick Montagenese | Sep 17, 2020 | Articles
What Taxes Are Due When Someone Dies? When an individual dies, there are four taxing systems that come into play: the Pennsylvania Inheritance Tax; the Federal Estate Tax; the Decedent’s final income tax returns (Pennsylvania and Federal and local earned income tax);...
by Nick Montagenese | Sep 15, 2020 | Articles
What Is A Gun Trust and Why Should You Have One? What is a Gun Trust and why should you have one?If you’re gun owner, you’ve likely heard the term “gun trust,” but you may not understand what a gun trust is, how it works or how it can be of use in an estate plan.A gun...
