Estate planning is not always easy. When you have a loved one or family member who is irresponsible, unpredictable or untrustworthy about money, you may want to find ways to restrict their inheritance distribution. There are many different options for trust fund...
Do you want to legally protect your family when you are gone, but are afraid that it will be a difficult and complicated effort? It’s easy to create a Testamentary Trust, a very effective and available estate planning tool to protect your loved ones and their future....
Wills and Estates Having a will means avoiding probate: It’s actually the opposite. Anything passing under will means it does go through probate, a legal/clerical paperwork process for the authorities to make sure that it estate is handled right. An inheritance most...
After your death, your assets may go through a process called probate. Unfortunately, probate can be tedious for your executor and family. However, in Pennsylvania, some assets automatically skip the probate process, and there are ways to ensure others avoid it. What...
Preparing for the future sometimes requires facing harsh realities. An important component of estate planning involves naming someone you trust as a power of attorney. What is a power of attorney? The POA document allows you, the principal, to authorize another to...
Getting your affairs to ensure your family is ready when you die may feel morbid, but it is a necessary and responsible process. Trying to keep as much of your estate out of probate may prove invaluable to your family inheriting quicker. Probate court ensures that...
Estate planning means making arrangements in the case anything bad happens to you. You get to say who will help you during your lifetime if needed, how the assets of your estate will be distributed after you are gone, and who will be in charge then. The simple option...
As a parent, you want what is best for your kids. While you can provide a healthy diet, high-quality education and comfortable living space now, a sudden illness or serious injury may take you away from your children's lives forever. Estate planning is something that...
A trust can be a valuable estate planning tool for passing down your wealth to loved ones. However, many people do not understand what trusts are and what they do. Because of that, they may not take full advantage of their options. Regardless of how much money you...
Trusts are useful estate planning tools. Trusts serve a very broad range of uses and applications. What is trust? A trust is a three-way transaction, when the trust creator, also called a grantor or settlor, assigns money or property to be held by someone else they...
