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...
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...
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...
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...
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...
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...
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...
Creating an estate plan for the first time is both stressful and refreshing. On one side of things, no one wants to think about the day when they’re no longer able to care for themselves and their loved ones. Conversely, an estate plan will give you peace of mind, as...
Serving as executor means that you have to take responsibility for someone else's possessions and legacy. It is an honor, as well as a job that could require weeks or even months of hard work on your part. There are multiple obligations that an executor must fulfill....
A living trust isn’t the right estate planning tool for everyone, but neglecting to learn more could cause you to miss out on something that could improve your situation now and in the future. With a living trust, you have the legal authority to move assets into your...
