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When you get married, a lot of things change. You become responsible for another person, and you create a new family unit. One thing that often changes when people get married is their estate plan, which includes wills. It's important to have a will when you get...
Pennsylvania residents from all walks of life can benefit from the process of having a simple will or trust drafted as a means to ensure that their assets can pass to beneficiaries outside of probate. However, for those lucky enough to hold assets of significantly...
Pennsylvania residents who create estate plans should be aware of certain pitfalls. It’s crucial to avoid these common mistakes, which could create problems later. Not including provisions for your final arrangements Whether you wish to be buried or cremated, you may...
Setting up a trust fund might be an excellent way to take care of the family you leave behind. It is possible, however, to make mistakes while setting up trust funds in Pennsylvania. Knowing about these mistakes can save you a lot of stress and protect your assets....
Having a new baby is exciting for any Pennsylvania resident. If you are a new parent, now is the time to begin planning your estate. These are the things on which you should focus to protect your child’s future. Create your will Creating your last will and testament...
For estate planning in Pennsylvania, bypass trusts are an advanced tool for minimizing the tax burden on a couple's assets as they pass them down to the next generation. They are best suited for high net-worth couples or those with children from prior marriages....
An unexpected death can present problems for Pennsylvania families when an estate goes to probate. No family wants to learn after the fact that their assumption regarding automatic inheritance is incorrect. Even a spouse may have difficulty obtaining financial assets...
When Pennsylvania residents decide to start planning their estates, they have options. A will and a trust are two common choices. Knowing how these estate planning documents differ can help when deciding whether you should have one, the other or both. Understanding...
TOD accounts and revocable trusts are valuable tools that you can use to create an effective estate plan. Both of these financial accounts avoid can probate, if not taxes. It's a good idea to learn about the benefits and limitations of each to know how to best...
Thinking about your own mortality is not something many people wish to do, yet estate planning for your Pennsylvania property and assets protects your loved ones. One of the most important issues that you and your heirs will need to consider is the tax basis of an...