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...
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...