People can create an estate plan at any point in their life. Doing so allows them to prepare for what happens to their assets when they die. When people get married, they often make sure their spouse is included in these plans. This allows them to inherit certain responsibilities as well as their deceased spouses’ […]

Estate plans allow people to prepare for what happens to their assets when they die. One of the ways an estate plan can be set up is by creating trusts. A trustor does this so a beneficiary can receive their assets. A trust is an arrangement that gives a third individual, the trustee, the right […]

Many people consider purchasing life insurance at some point throughout their life. When considering this, it is important to look into its benefits and drawbacks. Life insurance can seem complex. However, it does not have to be. An experienced attorney can guide you through the process of understanding the concept of life insurance and which […]

With a long life comes many different assets and belongings that a person cherishes. Often times, it is important to them to pass these assets onto others at the end of their life so that they can continue to be taken care of. This can be done with the creation of an extensive estate plan. […]

Many people collect a great deal of valuable assets throughout their lifetime. Often times, they want to pass down these belongings to loved ones so that they can continue to be taken care of. In order to do this, people can create an extensive estate plan to prepare for what happens to these assets when […]

When a person creates an estate plan, they are preparing for what will happen to their cherished assets when they die. In doing so, they often appoint another individual to carry out these final wishes. This person is known as an executor or personal representative. This person is responsible for taking care of the estate […]

People often choose to prepare for their death at some point throughout their life. This can be done with an estate plan. This can consist of a will, trusts, properties, life insurance policies, a power of attorney, financial accounts, and more. In the past, people created their plan by collecting paper documentation of their assets […]

Beneficiaries are named in someone’s will to receive part of their estate. Upon the death of a loved one, their will is examined to determine what they left behind and who they left it to. This will then cause these assets to be collected and distributed to the proper individuals. These individuals are known as […]

Often, when people receive inheritances in Pennsylvania, they fail to realize that they may have to pay taxes on the amount they received. Like many other states, the inheritance tax rate is determined on the relationship that you, the beneficiary, had with the decedent. If you are the decedent’s surviving spouse, you will be exempt […]

Estate planning is an ongoing process and it is important to keep the documents that are executed up to date with the changes in your life. One common question that we receive is whether you are allowed to make changes to your will even after it is executed. Yes, wills can be changed after they […]

Creating a comprehensive estate plan is the best way you can ensure that your wishes are followed after you pass. One of the most important factors of a well-rounded estate plan is to draft and execute a valid will. This document allows you to detail all of your assets and which of your beneficiaries shall receive […]

As someone with the role of power of attorney, you have specific responsibilities to carry out on behalf of another individual that cannot make these decisions at the time. Another individual has trusted you with this role to make important decisions for them when they are unable to make decisions due to a lacking clear […]