If you’re planning to leave your child considerable assets, potentially including a share in the property or the family business, you likely want them to have a solid prenuptial agreement when they get married. Even though inheritances are considered separate property...
The adage “nothing is certain but death and taxes,” which has been attributed to Benjamin Franklin, is still true today. Moreover, taxes can follow you and your loved ones after you’re gone. Unlike some states, Pennsylvania doesn’t have its own estate tax (although...
Estate planning is a major task that all adults need to address. While most people know that they should create a will, some may not realize that trusts are useful for more than just wealthy individuals. If you decide to create a trust, you’ll have to determine what...
Creating an estate plan is essential to managing your assets after you pass away or become incapacitated. Wills, a power of attorney and advanced healthcare directives provide peace of mind for you and your loved ones. Still, without certain provisions, your entire...
One of the biggest issues that beneficiaries and executors face is an outdated estate plan. Many testators go many years without updating their estate plans. As a result, an old estate plan may not include newer investments and changes promised by the testator. While...
Many people don’t create valid wills, which leads to dying intestate. Intestate can create a lot of difficulties for heirs. Without a valid will, there are no instructions left behind that detail the testator's last wishes and how they wish for their assets to be...
Creating an estate plan is one of the most important things you can do to provide for your family’s financial future. However, the thought of making one can seem like an overwhelming task. But once you understand the key components of what to include, you can break...
As a single parent, it is crucial to have an estate plan in place. The last thing you want is for your children to be without legal guardianship or financial security should you become incapacitated or pass away. Taking the time now to develop an estate plan will...
Estate planning is not all about planning for your death. It also involves anticipating unforeseen eventualities like incapacitation. When you cannot act independently due to an accident or illness, a power of attorney document can come in handy. Many assume their...
When it comes to ensuring long-term financial security for yourself and your loved ones, an essential part of preparing for the future is having a comprehensive estate plan in place. Having an estate plan can help give you peace of mind that everything from healthcare...