David M. Frees III

Tax Day and Gift Tax Returns Do You Need and Extension to File?

April 13, 2009

Have you set up a GRAT, given a check or gifted property worth more than $13,000.00, paid for tuition or medical expenses for another person, given away real estate, corporate or business interests or other hard to value assets in 2008. Your gift tax return may be due. Be sure to file or get an …

Documents In Order Can Mean Savings Of Time, Fees and Can Eliminate Trouble

April 13, 2009

By Dave Frees

Completing your Enhanced Estate Plan(TM) our proprietary process (often consisting of a Will, Power of Attorney, Advanced Medical Directive and one or more Trusts), is often viewed as the end of the process. But, smart clients and estate and asset protection planners know that there is still a bit more to do. I can hear …

Protecting Your Home Contracting Business – Does This New Law Apply To You or Your Business?

April 11, 2009

By Dave Frees

This blog and this department of the firm focus on wills, trusts, estate and asset protection. But, there is no better form of asset protection than making sure that your Pennsylvania based business complies with new laws. Indeed, the newest act that may affect your business applies if you do work or sell products related …

Senate Votes On A budget Bill to Exempt More Estates – Will It Hold?

April 3, 2009

By Dave Frees

While this is only a budget bill, and only in the Senate, there was some movement on estate tax reform today. If this type of bill were to ultimately pass the house and senate it would allow many more couples, and individuals to do estate and asset protection planning for their heirs without some of …

Federal Estate or “death” Tax and The New York Times

April 3, 2009

By Dave Frees

There are many views on the issue of estate taxes. The New York Times editorial may not be your view but it is worth a read. Do you think that a tax at your death should not be labeled a death tax? Read the New York Times Death Tax Editorial. David M. Frees …

New Alert ON RMDs From IRAs

March 30, 2009

By Dave Frees

If you are 70 1/2 or older there are new rules on required minimum distributions from your IRA. Just click the highlighted line to read more. David M. Frees III Pennsylvania Lawyer Avvo Rated 9.4 Superb. Visit our convenient offices serving Chester County, Montgomery County, as well as Lancaster County, Berks …

The Death Tax Update

March 29, 2009

By Dave Frees

Both the Senate and the US House of Representatives are now working on bills that would reform the federal estate tax (also known as the death tax) before the end of this year. Both bills contain a $3.5 million dollar exemption per person. This would allow an individual Pennsylvania resident to shelter $3.5 million dollars …

The Top Mistakes of PA Executors and How To Avoid Them

March 16, 2009

By Dave Frees

I recently completed a great new report entitled “The Top Ten Mistakes Executors Make and How To Avoid Them.” This report is great for people who are or will be serving as executors of Pennsylvania estates for the obvious reason that it will help you to avoid personal liability. And, the report is also …

What Are Executor Fees In Pennsylvania?

March 15, 2009

By Dave Frees

In many states, the fees that executors can charge are set by statute. In Pennsylvania, executor fees must be reasonable. They are always subject to court review. In general, many executors charge fees ranging from 1% to 5% of the estates value. The Supreme Court has ruled that a three percent fee is, on the …

Update Your Tax Software For Protection and Tax Savings

March 10, 2009

By Dave Frees

Just a quick reminder that there were many changes in the tax laws for tax year 2008. And, to make sure that take advantage of any beneficial changes you should update the program and download any recent updates before preparing your return. For more, just click here to visit the Wall Street Journals article. …

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Tax Day and Gift Tax Returns Do You Need and Extension to File?

Documents In Order Can Mean Savings Of Time, Fees and Can Eliminate Trouble

Protecting Your Home Contracting Business – Does This New Law Apply To You or Your Business?

Senate Votes On A budget Bill to Exempt More Estates – Will It Hold?

Federal Estate or “death” Tax and The New York Times

New Alert ON RMDs From IRAs

The Death Tax Update

The Top Mistakes of PA Executors and How To Avoid Them

What Are Executor Fees In Pennsylvania?

Update Your Tax Software For Protection and Tax Savings

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