Should I Transfer My House to My Child (Part 2)
While you may expect to avoid the hassles of probate after your death by giving your home to your son or daughter, there often turns out to be many pitfalls that could potentially put you and your heirs through significant hardships. In this second installment of...
Should I Transfer My House to My Child (Part 1)
If you are planning your estate, you may think transferring your house to your child may be a smart move to avoid tax implications. In Pennsylvania, this is a straightforward process to accomplish, but in reality, this move carries significant tax consequences that...
What Happens if you Die Without a Will in Pennsylvania?
https://youtu.be/nmtgzztHduA A frequently heard misconception about Pennsylvania succession rules is that the Commonwealth will get the entire estate if one should die without a will in place. The reality is that this occurrence is extremely rare because the...
Buy-Sell Agreements and Using Life Insurance to Fund Them
As a partner in a growing business, having a buy-sell agreement in place is a top priority in case you or your partner should pass away. As an exit strategy, it not only protects your business from uncertainty on how to carry on after the death of an essential company...
8 Tips for Having “The Talk” with Elderly Parents
Talking about estate planning is a difficult, emotional topic but it’s essential for every family. Unless you’re certain your elderly parents have an up-to-date will and a wider plan for what should happen in the event of their passing, you shouldn’t assume everything...
Why Pennsylvania Homeschool Tutors Should Set Up an LLC
One of the greatest rewards of becoming a tutor in Pennsylvania is helping students learn and grow. Homeschool tutors is also a smart path to take if you want to own a business. It has a dependable clientele, low startup costs, and minimal overhead. In addition, with...
COVID-19 and Ageism
With older Americans being most at risk from the COVID-19, the response is highlighting issues of ageism in the United States. According to experts, ageism is evident in the lack of protective equipment allocated to nursing homes. Experts on aging say the medical...
Pointers for Parents with Special Needs Children
Buy enough life insurance. A parent is irreplaceable, but someone will have to fill in if the worst happens. It may be siblings or other relatives helping out children with special needs. In all likelihood, that family will have to pay for at least some services the...
Why Use a Lawyer For Medicaid Planner?
Many seniors and their families don't use a lawyer to plan for Medicaid, often because they're afraid of the cost. But an attorney can help you save money while getting the best care for your loved one. Instead of taking steps based on what you've heard, or enlisting...