Whether it's a simple conveyance of a house from one generation to the next, or a transfer of interests in a family-owned business, you should seek legal counsel before you begin moving money or property. There are issues of state law as well as federal tax law and this area is filled with traps for the unwary. At Danyi Law, we can advise you before, during, and after your transaction in:
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Researching the title to your house or land and handling clouds on the title, encumbrances, and liens.
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Preparation of Deeds.
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Preparation and filing of exemptions from Pennsylvania Realty Transfer Tax.
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Preparation of other important legal documents, such as Mortgages, Promissory Notes, Agreements of Sale for real estate, and other contracts.
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Creation of family limited partnerships and other business organizations.
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Preparation of U.S. Gift Tax returns (IRS Form 709).
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Tax advice and planning for income tax and federal estate and gift tax issues.
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Purchase & Sale Agreements for family businesses.
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Business succession planning.
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Gifting strategies.