Quick Answer If you own a minority stake in an LLC, S-corporation, or partnership, you may owe federal and Pennsylvania state income taxes on business profits you never actually received — a phenomenon known as "phantom income." Understanding pass-through taxation before you invest can save you from a serious and entirely avoidable financial shock. What Is Pass-Through Taxation? Most small businesses are structured as LLCs, S-corporations, or partnerships — entities that do not pay corporate...

In a previous post, we walked through the questions you should ask when touring a senior living facility. Asking the right questions is essential — but so is knowing what to look for with your own eyes. A tour is not just a sales presentation. It is an unscripted window into daily life at the facility, and the details you observe can tell you as much as anything a staff member says. Read: What to Ask When Touring a Senior Living Facility This companion guide focuses on what to observe,...

By: Michael Fiffik, Esquire Quick Answer In Pennsylvania, the best places to store your original will are: (1) with your estate planning attorney, or (2) in a quality fireproof safe at home — provided your executor knows exactly where it is and how to access it. Do not rely solely on a bank safe deposit box, as Pennsylvania law can make it difficult for your executor to access the box after your death without already having the will in hand. So you've done the responsible thing and created a...