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Agent and Broker Mergers & Acquisitions: 3rd Quarter 2022 Activity

The Q3 2022 Merger & Acquisition Update prepared by Optis Partners shows 554 property and casualty related transactions in the U.S. and Canada for the first three quarters in 2022 as compared to 644 transactions in the first three quarters of 2021.

Legislative Alert: PA Act 122: Entities Required to File Annual Reports Starting in 2024

Pennsylvania Act 122 of 2022 amends Title 15 of the Pennsylvania Consolidated Statutes dealing with Corporations and Unincorporated Associations, which now requires an annual report filing for various entities organized or authorized to do business in Pennsylvania.


The road to financial freedom and peace of mind is not always smooth. The following are ten reasons to hire an experienced elder law attorney to navigate long-term care and Medicaid issues.

RMD Relief for Certain Post-Death Distributions

Because of the delay between the passage of the SECURE Act and the timing of the proposed regulations and the divergence of guidance regarding the manner in which the 10-year rule would be applied to the post-death RMDs, the IRS issued Notice 2022-53 on October 7, 2022 to provide some relief.

2023 Dollar Limitations on Benefits and Contributions

With the release of Notice 2022-55 the IRS has announced the cost-of-living adjustments for pension plans and other related items for the 2023 tax year.

EEOC Updates “Know Your Rights” Poster

The EEOC has just announced the release of the updated poster, “Know Your Rights: Workplace Discrimination is Illegal.” Employers are legally required to display this poster in “a conspicuous location in the workplace where notices to applicants and employees are customarily posted” or face possible penalties.

What Happens If You Don't Have an Estate Plan?

Everyone with assets should have an estate plan. If you die without a will in Pennsylvania, there are pre-determined rules concerning what happens to your assets.

Compliance for Improperly Forgiven PPP Loans

The Internal Revenue Service has issued IR-2022-162 to provide guidance addressing the improper forgiveness of a Paycheck Protection Program loan (PPP loan).

Women and Retirement Savings

A look at women and retirement planning, including guidance from the U.S. Department of Labor.

Is It Too Late?

This is a question we get often from clients: “My father [or mother] is already in a nursing home. Is it too late to protect and preserve assets?” The simple answer is “no.” Many of the clients we serve are in this situation, or about to be. We can help determine the best course of action based on your family’s specific situation.

Medicaid Spend Down: Convert Assets into Exempt Resources

Another technique for accelerating an applicant’s qualification for Medicaid and/or preserving family assets is to convert assets that would otherwise be counted toward the Medicaid resource eligibility limits (countable assets) into non-countable (or exempt) resources.

Medicaid Spend Down: Family Caregiver Contracts

Qualifying for Medicaid often involves accelerating expenditures to reduce an applicant’s countable resources down to the required level. One technique for spending down assets to accelerate qualification is through the use of a Family Caregiver Contract.

Donations by U.S. Charities Abroad

It is not uncommon for U.S. tax exempt organizations to make donations to foreign charities.
The Internal Revenue Service has specific regulations governing such activities.

IRS TAX TIP: Don't Ignore Mail From the IRS

You would not think that it is necessary to issue this kind of update, but the IRS has issued a helpful reminder in its Tax Tip 2022-62: don’t ignore mail from the IRS.

Tax and Non-Tax Identity Theft Response

The Internal Revenue Service (IRS) April 11, 2022 publication of Fact Sheet 2022-25, "When to file an Identity Theft Affidavit" serves as, unfortunately, a necessary reminder of how to deal with tax and non-tax related identity theft.

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