News & Resources

2/21/2024 | General, News & Resources

The purpose of the exemption and exclusion amounts is to protect taxpayers against the burden of federal estate and gift taxes, each currently at a flat rate of 40%. By taking advantage of these allowances, you can strategically plan your estate to minimize tax liabilities and maximize the preservation of your assets for future generations. In 2024, the annual gift tax exclusion rises to $18,000 per recipient per year. This means you can gift up to $18,000 to any number […]

1/22/2024 | Articles & Alerts, General, News & Resources

The Corporate Transparency Act (the “Act”), which Congress enacted on January 1, 2021, and made effective as of January 1, 2024, establishes a beneficial ownership information reporting requirement as part of the Federal government’s efforts to enhance transparency in corporate ownership and prevent the utilization of shell entities or other ownership structures to facilitate money laundering, terrorism financing, and other unlawful activities.  Unless your entity qualifies as one of the twenty-three types of entities exempt from the Act’s reporting requirements, […]

Related Practices: Real Estate Transactional, Business and Corporate Law

8/18/2023 | General, Media, News & Resources

The 2024 edition of The Best Lawyers in America®, one of the oldest and most revered peer review publications, honors 14 Kaplin Stewart attorneys across the Firm’s practices. Only the top 5.3% of all practicing lawyers in the U.S. were selected by their peers for inclusion in the 30th edition of The Best Lawyers in America®. The following attorneys have been recognized for their work by Best Lawyers. Gregg I. Adelman *Land Use and Zoning Law William D. Auxer  * […]

5/24/2023 | Articles & Alerts, General, Media, News & Resources

Kaplin Stewart is pleased to announce that nine of the firm’s lawyers have been named to the 2023 Super Lawyers® List. Super Lawyers is a rating service that uses a meticulous, multi-phase process to select highly acclaimed lawyers in over 70 practice areas. Super Lawyers provides a diverse list of outstanding attorneys who have been identified as attaining a high degree of peer recognition and professional achievement. No more than five percent of the lawyers in the Commonwealth of Pennsylvania are selected […]

5/22/2023 | Articles & Alerts, General

A confession of judgment clause, sometimes also known as a cognovit clause or warrant of attorney to confess judgment, is a contractual provision that permits a party to a commercial lease or other commercial contract to skip the entire litigation process and proceed directly to obtaining a judgment against the other party without any pre-judgment opportunity to be heard by the court. A confession of judgment clause can permit a judgment for possession of real property or money damages, or […]

Related Practices: Litigation and Appellate Practice, Commercial Leasing, Contract Review