LGBTQ Estate Planning Concerns You Need to Consider
Planning for your estate in Pennsylvania is an important step that every family should consider to protect their assets and legacy for their loved ones. The critical nature of this future planning is even more crucial for same-sex couples and LGBTQ families despite...
What Is the Difference Between an Executor and a Trustee?
After death, many rely on a will or trust to administer our estate according to our wishes. If you have agreed to act as an executor or trustee or just learned you were chosen for this role, you may have many questions about what these terms mean and the...
What is the Difference Between a Will and a Trust?
In Pennsylvania, wills and trusts serve as essential estate planning tools with a similar purpose of providing how an estate should be distributed when the owner dies. Despite having this common goal, they offer different advantages and are treated differently under...
What is the Probate Process Like in Pennsylvania?
Pennsylvania uses a legal process known as probate to settle the estate of someone who has passed away. Depending on the provisions within the decedent's estate plan, the circumstances of their death, and the type of assets involved, completing probate proceedings can...
Personal Representative vs. Executor vs. Administrator of a Pennsylvania Estate
When navigating a Pennsylvania probate proceeding, several terms are often confused, conflated, and misunderstood: Personal representative, executor, and administrator. When facing the responsibilities of managing an estate after a loved one has passed away,...
Beginning Steps and How to Get Started with Estate Planning
In life, you will acquire many assets, including family heirlooms, property, vehicles, retirement accounts, and more. Deciding what will happen to all of these things if you should die or become incapacitated isn’t a pleasant thought, but necessary nonetheless. This...
Why Young Families Need to Have Estate Planning Documents
As a young couple, you have many new milestones to achieve together throughout your lifetime. From moving in together, having children, getting married, or having children, it is easy to worry about the present and not the future. Having an estate plan in place to...
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...