The federal estate, gift, and generation-skipping transfer tax exclusions are adjusted annually for inflation. On November 6, 2017, the IRS published the 2018 inflation adjustments in the Internal Revenue Bulletin No. 2017-45, which can be found here. Effective January 1, 2018, the 2018 federal estate and gift tax exemption will be $5,600,000 per individual and…

In October, Governor Chris Christie signed a transportation funding bill which included the New Jersey Estate Tax Repeal. This bill will go into effect on January 1, 2018. What Does The Change Mean? You may be wondering what this tax repeal means for your estate. Currently, New Jersey has an estate tax exemption of $675,000….

Pennsylvania recently enacted Act No. 170 (the “Act”) changing the statutes governing partnerships and limited liability companies in the Commonwealth. The Act repeals existing statutes and replaces them with entirely new statutes in Title 15 of the Pennsylvania statutes, now referred to as the Pennsylvania Uniform Partnership Act of 2016, the Pennsylvania Uniform Limited Partnership…

In this competitive business landscape, business owners must focus on attracting and retaining key talent. There will always be competition between businesses, so much that companies often employ head hunters to recruit top talent from their competitors. Losing a key team member can be devastating and take some time to rebound from. Additionally, no business…

So you’ve been thinking of making a plan for your estate. This is a smart idea and is something that all adults should consider. Establishing a plan for how you want your assets divided can reduce a large number of issues that may occur once you’ve passed away. Typically, “assets” are thought to come in…

Founded in Philadelphia, Pennsylvania by Gary McCarthy and Rachel Weidler, McCarthy Weidler is a boutique law firm that provides experienced and comprehensive counsel on your closely-held business, estate planning, and tax planning needs in the Philadelphia and surrounding areas. Our clients love our results-oriented approach and expertise in finding innovative, real-world solutions to complex legal…

Welcome to the firm of McCarthy Weidler. I am Gary J. McCarthy, co-founder of this firm. Together with my partner, Rachel Weidler, we established McCarthy Weidler in January 2013. We are proud to introduce McCarthy Weidler to those that may be visiting us for the first time, and re-introduce our Philadelphia law firm to our…