If you're opening a probate estate in Pennsylvania, understanding the steps to take should make it easier to complete. Getting this process done is a precursor to probate. Locating and following the last will and testament When a last will and testament has been made,...
Estate planning is a crucial process that takes careful consideration. For many in Pennsylvania, it involves the most important decisions that they will make in their adult life. It's something that takes time, patience, careful forethought, and ample research. Don't...
Law students take whole courses in law school about the ways in which people can own property. There are many different ways which you might have heard about, such as "fee simple" or "in trust." One such method is by life estate, which basically means that the person...
Estate planning is one of those things that we all know we should do but often put off. It can be difficult to think about our death and what will happen to our loved ones when we're gone. However, having an estate planning conversation is important, and it doesn't...
In Pennsylvania, estate planning is an effective way of ensuring that your loved ones know and follow your wishes concerning property distribution after you die. For a solid estate plan, it's important to have the right legal documents in place. A will This document...
In Pennsylvania, a person who dies without a will is called "intestate." In that case, the state has a set of laws and rules that determine what happens to their property. Some people think that dying intestate means that the state takes all of the property, but that...
Estate planning in Pennsylvania isn't limited to passing assets to your immediate children. No matter what your plan is, you can leave specific assets to grandchildren also. When you become a grandparent, you have the right to leave money, investments and other...
Protecting your estate is essential if you want your wealth to transfer to your family and not be given to the government. In Pennsylvania, you need to take some extra precautions due to laws and regulations associated with inheritance tax. Keeping yourself informed...
When a new baby arrives, in all likelihood, things are hectic. But there's still one crucial thing to finalize: an estate plan. Overlooking this vital aspect of domestic administration can leave your child vulnerable to Pennsylvania law, which isn't the best for some...
When people in Pennsylvania think about planning for the future, they may consider an irrevocable life insurance trust (an "ILIT") in order to reduce estate taxes while providing for their families. This type of trust is designed to serve as a repository for one or...
