Tax Consequences of Property Transfers to Family

Property transfers to family members can have tax consequences.  Business owners should have estate plans, but many owners are unaware of the tax implications associated with recapitalizing their business entities to help family members. Business owners probably already know that sales of stock, for example, have tax consequences. Selling stock for an amount for more than was paid for it (“in excess of basis”), results in a taxable gain. However, they may not realize that there are other transfers of property

Should I Take my Healthcare Claims to Arbitration?

A recent Pennsylvania appellate case permitted a nursing home facility to arbitrate the negligence healthcare claims against it.  Alternative dispute resolution (ADR), which includes arbitration, has risen as a strong alternative to the court system.  The healthcare attorneys at Whitcomb Law, P.C. understand its relationship to the healthcare sector and its importance in handling civil matters in a less adversarial process. The Rise of ADR ADR refers to the resolution of civil cases without a trial, outside of the typical court