Creating a good business succession plan is going to be critical to the future of your company. It’s also important to do this to give your family stability and guidance. You want to leave the business to the next generation, but you have to be very deliberate about...
Lehigh County Estate Administration Blog
6 common questions about estate plans
Are you thinking about making an estate plan? Then you likely have a few questions -- since this isn't something that most people think about very often. Then you’ve come to the right place. Your questions may be answered below: 1. Do I need an estate plan? Many...
What to look for in a guardian for your young child
As a new parent who is starting to craft an estate plan, your top goal may be formalizing a potential guardian for your child. In fact, having that child may have spurred you to make your estate plan. You’re not necessarily worried about what happens to your assets at...
4 crucial decisions to make when forming a business
Forming a business can be exciting but overwhelming. You will have a lot of decisions to make that can impact the growth of the business. Thus, you need to be careful about every step you take. The following are four crucial decisions to make when forming a business:...
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...
What do you do if an employee is out to sabotage your startup?
Entrepreneurship is a high-stakes game. Unfortunately, entrepreneurs face various challenges, including the threat of sabotage from within. An employee out to sabotage your business can cause immense harm, and it's essential to have a plan on how to deal with this...