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Monthly Archives: February 2016

TAX ALERT

2/4/2016 | Kaplin Stewart Blog

Say Goodbye to the Pennsylvania Capital Stock and Foreign Franchise Tax Governor Tom Wolf recently confirmed that as of January 1, 2016, Pennsylvania’s Capital Stock and Foreign Franchise tax (the “CST“) has been phased out. There have been several last minute resurrections of the CST, but it looks to have finally met its slow and painful end. These taxes were imposed on corporations, limited liability companies (LLCs), business trusts, and other companies doing business within Pennsylvania. Domestic corporations were subject […]

Avoiding probate litigation over gifts to caregivers

2/4/2016 | Kaplin Stewart Blog

For many in Pennsylvania, close ties to family members have long been severed. This occurs for a number of reasons, but the end result is often a permanent cessation of all contact. In such cases, an individual may wish to leave his or her estate to a caregiver or close friend. In doing so, there are a number of considerations that must be taken to protect the intended heir from lengthy and stressful probate litigation. There are laws in place […]

Developments may benefit from cooperation between stakeholders

2/3/2016 | Real Estate Blog

While every real estate development is different, in most cases, to be truly successful, many factors must come together. In some situations this involves bringing together the right group of stakeholders. An example of development in Philadelphia that has done this is the Schuylkill River Trail. Recently voted by readers of USA Today as the best American urban trail, 10.5-miles of it is located within the city limits of Philadelphia. Included in that portion of the trail is a 2,000-foot […]