The death of a loved one in Pennsylvania may raise a whole host of financial issues. This is especially true when they have left many assets in a safe deposit box. If you have been named as the executor of an estate, you will have to navigate this problem. There are...
Estate Planning
How to open a probate bank account
Functioning as the executor of an estate in Pennsylvania isn't always easy. There are a great many things to be held personally responsible for. There are many moving parts in an estate and a lot of people watching your every move. Each and every requirement that you...
Common mistakes when designating beneficiaries in Pennsylvania
When you are planning your estate in Pennsylvania, one of the most important decisions you will make is who should receive your assets after you die. This decision can be tricky, and there are a few things to avoid if you want to make sure your loved ones inherit what...
Defining beneficiaries
Any Pennsylvania resident taking part in estate planning may soon become familiar with the term beneficiary. A beneficiary commonly refers to someone who receives assets or gains benefits, as would be the case with probating a will or accessing a trust. Beneficiaries...
Choosing the right trust for your estate planning needs
Estate planning is something that can benefit virtually every family in Pennsylvania, and while, for many, that statement may bring to mind the topic of wills, it is equally important to investigate the concept of establishing a trust. Doing so can help alleviate the...
Joint tenancies and incapacity planning in Pennsylvania
Incapacity planning is a critical part of estate planning for Pennsylvania residents because it allows you to make arrangements for what will happen to your property and assets if you become unable to make decisions for yourself. Joint tenancy is one option that you...
Pennsylvania estate planning: Important issues to consider
Estate planning is not just about distributing your assets after you die. It's also about preparing for the possibility that you may become incapacitated and thus be unable to make decisions for yourself. If something happens to you and you can't communicate your...
How could a trust enhance your estate plan?
Pennsylvania residents who are looking into their estate planning options may not feel as if they need to include a trust. However, you may find that a trust could offer you more benefits than you initially imagined. In fact, trusts are often useful in meeting the...
Pennsylvania probate process
The last thing you want to think about when a loved one has died is what happens with their belongings. However, going through the probate process is likely easier than you think in Pennsylvania. What happens in the probate process? There are two crucial steps to the...
Estate planning tools that can protect your assets and family
It is generally a good idea for Pennsylvania adults to have an estate plan. The complexity of your plan and the documents that you need will vary based on your individual situation, but there are a few basic documents everyone will need. Preparing for incapacity Some...