Earl Brown and his son, Stan, had a vision when buying this dairy farm in the early seventies – to produce the best fruit in southern York County. Through hard work and income from the rest of their operation, that vision came to fruition. Scott and Dave, Stan’s sons, continued the Brown dream. That sense of family values and tradition continues today with the Strathmeyer family along with their partner, Dave Hopkins, when they purchased the farm in 2021. The idea was simply to continue Brown family’s vision. The 98-acre farm has strawberries, cherries, red and black raspberries, peaches, apples,… read more »
A New Taxpayer Benefit from SECURE 2.0: Converting a 529 Plan to a Roth IRA
The recent SECURE 2.0 Act enacted by Congress has introduced a series of new strategies to help reduce burdens on taxpayers. CGA Law Firm has previously reviewed the SECURE 2.0 Act in general and highlighted some of its advantages to taxpayers. Today we will highlight a beneficial move that can help you and your college-bound children or grandchildren benefit more from their dollars. Utilizing a 529 Plan – a tax-advantaged college savings plan under IRC Section 529 – has long been a solid strategy for tax avoidance. A donor can set up a plan for college-bound family members, usually depositing… read more »
Five (or Six!) Mistakes to Avoid in Your Estate Planning
Estate planning offers protection and security for you and your family. Having well-crafted documents can help ensure your loved ones will be equipped to handle your estate matters smoothly without any disagreements or uncertainties. Nevertheless, numerous estate plans contain avoidable errors that only serve to complicate matters or even spark conflicts. Here is a list of common mistakes to avoid. 1. Identify your beneficiaries correctly. Too often, problems arise when a bequest to “John Smith” or “my niece Mary” goes astray. Our world is full of John Smiths and Marys, and problems can arise if bequests are identified too vaguely. Problems also arise if… read more »
FNLT Preservation Steps: George’s Court
Driving up George’s Court to Jeff Brown’s and Joy Keller-Brown’s preserved farm you see vineyards and newly planted trees – lots of them! Upon arrival you will be offered tastings of George’s Court wines while viticulturist Nancy Beard gives a short presentation about growing wine grapes. Vintner Mickey Krauss will also give a talk on making wine. Nancy has been the vineyard manager at George’s Court for over 40 years. Mickey is American Wine Society’s number one amateur winemaker in North America. You’ll then walk through The Glade, then into the Enchanted Forest with its fairy rings and The… read more »
The Importance of Estate Planning Before Walking Down the Aisle
Your wedding is a time of bliss and endless possibilities for a bright future together. While planning for your perfect day, don’t forget to protect those you love, as you start your new life together. Marriage is the right time to ensure your estate documents are in order. As you prepare for your future, take the time to meet with your estate attorney. Putting into place your vital documents like Wills, powers-of-attorneys, and health care directives will help provide you with the peace of mind that you will need for your perfect day. A Will is an essential document that… read more »
FNLT Preservation Steps: Davidson Family Farms
The classic red barns welcome you to Dave (past FNLT President) and Linda Davidson’s 300 acre family farm in Loganville, which has an array of farm crops, beef cattle, chickens and more. We’ll gather near their homestead by the spring fed pond to learn why they fell in love with the land and the many reasons they preserved it with FNLT. From there it’s a nice hike to the Codorus Creek Wetland & Stream Bank stream restoration project by RES. This project is the first wetland/stream mitigation bank in south-central Pennsylvania. You’ll hear some background from Dave and Linda,… read more »
FNLT Preservation Steps: Heartwood Nursery
June 8 Edit: This event has been postponed to a later date. Join FNLT supporters for this special insight into the unique landscape and operations of Heartwood Nursery, preserved by owner Sue Hunter in 2013. In addition to the existing mature hardwoods tract, a large percentage of the property has been reforested with native species indigenous to the area. This is a great chance to learn about native species that can be added to your home property – regardless of the size – for beauty and the environment. Throughout the property, there are display gardens of varied species, and storm… read more »
The 2023 FNLT Annual Meeting on the Northern Central Railway
Join FNLT as they celebrate past and future success of land preservation efforts across York County. You’ll want to save a spot in your calendar for this! RSVP for this event here: https://www.farmtrust.org/events-1/the-2023-fnlt-annual-meeting-on-the-northern-central-railway Attorney Tim Bupp is the solicitor for the Farm and Natural Lands Trust.
SECURE 2.0 & Other Important Changes to Estate Planning Law for 2023
Happy New Year! This year brings to us several legal changes which will benefit to taxpayers for 2023 and beyond. For more details, contact CGA Law Firm’s Estate Planning attorneys. Increase for Estate Tax Exemption. This year, the amount that an individual can transfer estate tax-free automatically increases for estates of decedents passing away in 2023 from $12.06MM to $12.92MM, an inflation-index increase of $86,000. A married couple enjoys a combined exemption of $25,840,000. Keep in mind, however, that the exemption amount will decrease in the end of 2025 with the sunset of the 2017 Tax Cut and Jobs Act,… read more »
New Numbers for a New Year
Happy New Year! The new year brings to us new numbers to keep in mind for municipal decision-making in 2023: Bid advertising requirements. In 2023, the threshold requiring advertisement of a municipal bid will increase to $22,500, up from $21,900 in 2022. The amount requiring collection of multiple telephone quotes for municipal work will increase to $12,200, up from $11,800 in 2022. Municipal action below the threshold of $12,200 will not require competitive solicitation. While these numbers are up, they have not increased at pace with the 8.2% increase in the consumer price index; Pennsylvania statute prevents the increase of these bidding requirements from exceeding… read more »