Practice Areas
- Medicaid
- Living Trusts
- Estate Administration and Probate
- Asset Protection
- Veterans Benefits
- Special Needs Trust
News
- $6.4 million fine for companies guilty of scamming seniors with pricey legal plans...
Posted on 10/22/2009 - Preparing a living trust for your children? Don’t forget to name a guardian...
Posted on 9/30/2009 - An unusual type of trust is becoming popular...
Posted on 8/31/2009 - Can you make your trust a beneficiary of your IRA?...
Posted on 8/31/2009 - Financial elder abuse cases on the rise as economy continues to struggle...
Posted on 7/29/2009
Library
Living Trusts
- What is the difference between a will and a trust?
- Lessons On Probate and the Benefit of a Trust From Michael Jackson's Estate Distribution
- Myths about Revocable Living Trusts, Lawyers and Estate Planning. You want the best Elder Law Attorney and Estate Planning Attorney on your side. Call us for a FREE consultation at (800) 879 0984
- Is your living trust complete?
- Living Trust Overview
Frequently Asked Questions
Q: Can a trust avoid or reduce taxes?
A: Let’s clarify what a revocable living trust can and cannot reduce. A revocable living trust cannot reduce State of Pennsylvania Inheritance Tax or state or federal income taxes. A trust can help reduce federal estate taxes. If you die in 2008 with more than $2,000,000, the amount over $2,000,000 is subject to federal estate taxes (starting at 41%). If you are married, your living trust can include a provision that will let you and your spouse protect up to $4,000,000 estate tax free saving your loved ones over $900,000 in federal estate taxes.
Elder Law Offices of Shields and Boris
109 VIP Drive
Suite 102
Wexford, PA 15090
Phone: (724) 934-5044
Toll Free: (800) 879-0984
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