Many people prepare their wills and then never change them. That’s a mistake. If you have a will, trust documents, powers of attorney, or other estate planning documents, you should review them periodically, especially after a significant life change. Your estate...
It’s a very common situation. You and your spouse raise two wonderful children. You prepare wills and other estate planning documents to protect your children. Then the marriage goes sour. You and your spouse divorce. You’ll need to update your wills and other...
Many people are now investing in cryptocurrencies such as Bitcoin and other digital assets. Digital assets include more than currency. They also include your social media accounts, email accounts, and other accounts. If you don’t make sure that your executor or your...
The Pennsylvania inheritance tax is a transfer tax. The tax applies to assets that are paid to a beneficiary. The amount of the tax is based on the value of the property and the family relationship of the beneficiary to the decadent. Therefore, one of the goals of...
Property that passes through probate generally includes the property a testator (the person who prepares a will) devises to specific heirs in the decedent’s will. Any property that passes to intestate heirs is also considered probate property. The advantages of...
