When you draft a will, you are articulating your desires regarding how you wish to have your assets distributed when you die. Without a will, Pennsylvania intestate laws would make this crucial decision on your behalf. And you may never like it. However, your heirs...
Estate Planning
Do you understand how dynasty trusts work?
Most people want to pass down a little something to the people and causes they care about when they die. When you have worked hard and accumulated a significant amount of wealth, one of the most pressing questions on your mind might concern how you will transfer your...
How is testamentary capacity determined when someone makes a will?
A will is one of the most important legal documents you can ever draft and sign. For your will to serve its intended purpose, however, it must be duly signed per Pennsylvania’s laws. This means that, among other things, you must be of sound mind. This is known as...
Where do you start when selling a home after someone has died?
Maybe you’re the executor of an estate who’s been tasked with the responsibility of selling the decedent’s home and returning the proceeds to the estate to be distributed among their beneficiaries. Perhaps a parent or other loved one has left you their home in their...
How does probate work?
There are a lot of new terms to learn if you are new to estate planning. One of the most intimidating for many people is probate. Perhaps you’ve heard tales of people’s estates being stuck in probate for months or even years. Maybe you’ve had people tell you of their...
Take these 5 initial steps when creating your estate plan
After a mild bout of procrastination, you are eager to develop an estate plan that will protect your assets and protect your family. Your initial uncertainty about how to start is gone. With a little research, a clear line on decision-making along with the advice of...
Revocable vs. Irrevocable trust: which one is right for you?
You’ve worked hard your entire life to build what you own today (your home, savings and other assets). This also means that you need to plan for what will happen to your hard-earned assets when you pass on. And this is where estate planning comes in. One of the most...
3 reasons to put your minor child’s inheritance into a trust
When people think about using trusts for someone's inheritance, they often picture incredibly wealthy individuals whose children will never need to work. However, trusts are actually beneficial for many middle-class families, not just the extraordinarily wealthy. If...
What is estate planning and why should you care about it?
Despite what you might think, estate planning is not just for rich people who have a significant number of assets. Where you have possessions, you have an estate and you should be thinking about what you want to happen to it after you pass away. The estate planning...
3 questions to ask when choosing your minor child’s guardian
Parenting is a lifelong responsibility. However, life comes with its share of uncertainty. Like everyone else, you don’t know what tomorrow holds. And this may concern you if you have minor children. If a tragedy was to strike leading to your incapacitation or death,...