You’ve worked hard and invested wisely over the years, so as you create your estate plan, you’re proud that you can leave your adult child a substantial amount of money. But are they prepared to handle it? Even seemingly responsible adults can be thrown for a loop...
Parents may wish to fairly and equitably provide for their children in the event of their passing. However, once a will enters into probate, the surviving siblings may fight things out in a Pennsylvania courtroom. Parents doubtfully want to see their children suing...
When you are doing your estate planning, one possible option you may consider for your beneficiaries is a specific type of trust. Incentive trusts are both motivational and conditional because the trust grantor (you) creates the terms and milestones the beneficiaries...
There are dozens of mistakes you could make while estate planning, from creating invalid documents to forgetting about important aspects of the estate you wanted to protect. There are three major estate planning mistakes that are among the worst, though, which you...
If you are getting married for the second, third or fourth time, it is important to take proactive steps to protect your assets. For instance, putting your Pennsylvania home into a trust can help to ensure that it won't be seized in a future divorce. It can also help...
Anyone who takes proactive steps to perform estate planning deserves some accolades. Many people do not perform any estate planning, setting beneficiaries up for potential problems in Pennsylvania courts. Signing off on several estate planning documents represents an...
When people hear about estate planning, many think it is only for rich people who draft a will to pass along their possessions to their loved ones. However, there is much more to it than that. First, it is not only for the wealthy. Second, everyone can benefit from...
Estate planning utilizes a number of different tools and techniques to achieve a result that best meets your desired result. There is no one “best” design or plan. Each depends on personal situations and the goals to be achieved. Setting up an irrevocable trust is one...
A health care directive is a legal document on which you place instructions and wishes related to medical caregiving in the event of your death or incapacitation. It is not uncommon for a person to consider wills and trusts at some point in their life, especially if...
