The York County (PA) Bar Association/York County Bar Foundation held its Annual Dinner this past week. Judge John Uhler was installed as President of the Bar Foundation. Attorney Liliana Fisher received one of the Annual Pro Bono Awards given for exceptional Pro Bono Service in 2020, and Attorney Larry Young presented her with the award. Attorneys John Flinchbaugh and Pete Solymos were recognized as 50 year YCBA members. Attorneys Rees Griffiths and Dan Fennick were recognized as having retired. Attorney Hunter Schenck received recognition as the outgoing Young Lawyer Section Chair. Congratulations to all who received awards or were recognized! … Read more
Charitable Remainder Trusts Boost Philanthropy, Defer Taxes
Charitable remainder trusts or “CRTs” are not as commonly utilized as in years past. Declining income tax rates, an increasing federal estate tax exemption, and decreased impact of the charitable donation tax deduction have combined to rob the CRT of some of its effectiveness. However, for philanthropic-minded donors who own the right kind of assets, a CRT can be exactly the right tool to defer or defeat capital gain or income tax, and at the same time create a charitable legacy for the community that sets an example for the family’s next generation. Tom and Ann are retired and want to make … Read more
