Monthly Archives: August 2015

Think Like a Credit Manager to Avoid Bad Debts

In business, sooner or later customers or clients will owe you money and will be unable to pay.  You can blame your customer, but in some sense, you may be partially at fault.   Here are a few tips to avoid (or at least minimize)… Continue reading

Queen’s English Odds and Ends – Some Surprising Meanings

Ingenious/Ingenuous.  As similar as they are, they are virtually antonyms.  Ingenious means “clever, skillful, or inventive”; while ingenuous means “artless, simple, or innocent”.  And while the adjective ingenuity would appear from its spelling to relate to ingenuous, it does not; it’s much closer in its… Continue reading

The Estate Tax and “Permanency”

Since January 1, 2013, estate planners have been able to advise clients on estate and tax planning issues with greater certainty because certain key aspects of the  inter-related gift, estate and generation skipping taxes were viewed as “permanent”.   As of that date,  the $5,000,000 exemption… Continue reading

Understanding Your Property Tax Assessment

When you look at your annual real estate tax bill you may see some terms you do not fully understand and some numbers that appear to make no sense – all seemingly designed to prevent you from fully comprehending your tax liability. Real estate taxes… Continue reading

Management Companies for Liquor Licensees

Pennsylvania liquor license may only be used by the owner of that license, the “licensee.”  The licensee may not lease the license or allow an individual that is not  recognized by the Liquor Control Board (LCB) as the owner to use that license.  However, the LCB… Continue reading

Co-Ownership of Real Estate: Title Matters

In Pennsylvania, title to real estate can be held by co-owners in various ways – as tenants in common, as joint tenants with right of survivorship, as tenants by the entirety and as tenants in partnership.  We are commonly asked what the differences are among… Continue reading

Update on Mechanic’s Liens and Union Benefit Funds

In prior newsletters we have discussed the case of the Bricklayers of Western Pennsylvania Combined Funds, Inc. v. Scott’s Development Company.  The Superior Court in that case determined that a union’s benefit pension fund was entitled to a mechanic’s lien against real estate on which… Continue reading