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...
As a resident of Pennsylvania, understanding the state’s inheritance tax laws is crucial to creating an effective estate plan. Pennsylvania is one of the few states in the US that imposes an inheritance tax, which is levied on the transfer of assets of a decedent to...
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...
There’s an incredible joy that comes with becoming a parent. The smile of a child affects parents, grandparents, aunts, uncles, and all other family members. Every parent wants their child/children to live happy and healthy lives. They treasure watching their...
A revocable living trust is an estate planning tool often used in conjunction with a will. The main parts of a trust are: The creator of the trust. For example – the person who is planning for the day they die. The appointment of a trustee to manage the trust assets....
It’s only a matter of time before the proposed federal estate tax legislation takes effect on estate planning strategies. You’ll probably not have read the 881 pages of the legislation or the House Budget Committee’s Report by January 1, 2022, when...
