Prepared To Meet Your Legal Needs
A person engaged in estate planning may spend significant time thinking about how to draw up a will. Time spent on estate planning should involve making sure the will is legally sound in the state of Pennsylvania and that the contents of the document meet heirs'...
Among estate planning professionals, it is a widely accepted fact that many estate plans fail. While that fact may discourage Pennsylvania residents, it is important to realize that most of the mistakes that produced failure could have been avoided. There are some...
With a recent increase in the number of divorces among elderly couples, which is referred to as “gray divorce,” the need for estate planning modifications after a remarriage late in life has also grown. However, it's sad to say that many people fail to take the...
If you have a revocable trust, you can change the terms of the trust at any time. It is a good idea to inform your trustee of any edits that you have made as soon as possible. Generally speaking, the process of amending a trust involves little more than writing the...
Estate planning when there is a business involved requires not only planning for personal assets but also considering long-term business requirements. If an individual has a sole proprietorship, the business estate planning is somewhat simplified as the business...
Estate planning could prove valuable to those who understand the complexities of personal finance. Anyone can become incapacitated or, sadly, die prematurely. No one knows what can happen on any given day, and this includes young people in Pennsylvania. Therefore,...
Estate planning is important for all Pennsylvania residents, particularly if they own a business or property. One document that business owners should consider as part of their estate plan is a power of attorney. A medical or financial power of attorney gives another...
There are several life events that should prompt people in Pennsylvania to create or review an estate plan. When people get married, they may want to ensure that their spouse is listed on their beneficiary designations and has medical and financial power of attorney...
Pennsylvania residents who own any kind of assets should consider creating an estate plan. Estate planning can involve creating a will or a trust and taking out a life insurance policy so that loved ones are not left high and dry in the event of someone’s death....
Pennsylvania property owners who do not have an estate plan should consider the benefits of creating a will or trust. Without there being a will or trust in place, the assets and property of individuals who pass away will be distributed according to law as dictated by...