Blogs / Events / Articles / News

Category:

The Party's Over: Changes to the Philadelphia Realty Transfer Tax Obligations

An ordinance amending the Philadelphia realty transfer tax (RTT) chapter of the Philadelphia Code was enacted on December 8, 2016, and will come into effect on July 1, 2017.  The ordinance makes two primary changes to the city RTT.  (The 1% state RTT is not affected.)  (1)  Goodbye 89/11, hello 74/26.  Under current law, a "real estate compan...

Read more >>

The New New Jersey Uniform Trust Code:

July 18, 2016 -- As of this week, the New Jersey Uniform Trust Code is in effect.  In honor of it’s “birth day” we wanted to repost our overview originally posted in February 2016.  The New New Jersey Uniform Trust Code: Creating Uniformity for Beneficiaries, Trustees and the Professionals that Advise Them As an estate planning attorney,...

Read more >>

Obermayer’s Estate Planning Newsletter – Spring 2016 - Pennsylvania’s Revised Power of Attorney Act

Click on the title below to open a copy of Obermayer’s Estate Planning Spring 2016 newsletter featuring “Pennsylvania’s Revised Power of Attorney Act: Major Changes May Not Necessitate Revising Your Power of Attorney.” Estate Planning Spring 2016 newsletter "Pennsylvania’s Revised Power of Attorney Act"        

Read more >>

The New New Jersey Uniform Trust Code: Creating Uniformity for Beneficiaries, Trustees and the Professionals that Advise Them

The New New Jersey Uniform Trust Code: Creating Uniformity for Beneficiaries, Trustees and the Professionals that Advise Them As an estate planning attorney, it is hard to contain my excitement that a version of the Uniform Trust Code (“NJUTC”) was enacted in New Jersey on January 19, 2016 with an effective date of July 17, 2016. With its pas...

Read more >>

Smooth Sailing: Streamlining Pennsylvania’s Business Entity Laws
Changes to Pennsylvania’s Business Entity Laws

On July 1, 2015, Act 172 of 2014, the Association Transactions Act (the “Act”), went into effect, overhauling Pennsylvania’s entity laws contained in Title 15, Corporations and Unincorporated Associations. Derived from the Model Entity Transactions Act (“META”), the Act seeks to modernize and streamline the “hub ...

Read more >>

Spring Cleaning: Out With the Old, In With the New Pennsylvania Withdraws Endorsement 1010 and Introduces Endorsement 1530

Effective April 1, 2015, the Pennsylvania Department of Insurance (DOI) approved the Title Insurance Rating Bureau of Pennsylvania’s (TIRBOP) filing of Pennsylvania Endorsement 1530, along with the withdrawal of Pennsylvania Endorsement 1010. Title endorsements, such as these, provide additions or limitations of coverage attached to title ins...

Read more >>

UPDATE: THE CONSEQUENCES OF MODIFYING PENNSYLVANIA’S POWERS OF ATTORNEY STATUTE POTENTIAL IMPACTS ON COMMERCIAL LOANS & LEASES

On April 14, 2015, pending legislation was passed by the Pennsylvania House Judiciary Committee to resolve the current state of flux of confession of judgment provisions and the bill was sent to the Pennsylvania House of Representatives for further approval; presently, there is no indication when this issue will be fully resolved.  As previou...

Read more >>

The Unexpected Consequences of Modifying Pennsylvania’s Powers of Attorney Statute: Potential Impacts on Commercial Loans & Leases

Confession of judgment provisions in commercial documents remain in a state of flux until legislation pending in the Pennsylvania House Judiciary Committee is approved and enacted. Until such time, we will keep readers updated on any movement of the bill and corrections it offers. Recent amendments to Pennsylvania statutes governing powers of atto...

Read more >>

Net Neutrality: Will The Internet Still Be Open for Business As Usual?

New changes supposedly designed to foster a more “Open Internet” have resulted in something of a national backlash.  Although not unexpected, the Federal Communications Commission (the “FCC”) announced approval, on a partisan vote of 3-2, of its intention once again to attempt to regulate Internet activity.  A prev...

Read more >>

Obermayer’s Estate Planning Newsletter - Summer 2014 - Snowbirds Beware: The Pennsylvania Tax Man Wants to Know Where Your Heart Is

Click on the title below to open a copy of Obermayer’s Estate Planning newsletter including articles “Snowbirds Beware:  The Pennsylvania Tax Man Wants to Know Where Your Heart Is,” “Some Reminders about Federal Estate and Gift Tax Exclusions,” information about IRAs plus a consumer tip on how to get your fee annu...

Read more >>