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Category Archives: Estate Planning

Category Archives: Estate Planning

Can You Leave Part of Your Estate to Pennsylvania’s Charities and Foundations?

Whether the amount involved is large or small, many Pennsylvanians choose to leave estate assets to a charity or foundation as a way of giving back to their community. Philanthropic giving is a time-honored way for individuals and families to leave a meaningful legacy. With careful estate planning, a charitable bequest made through a will […]

What Happens When a Falsified Will Is Admitted to Probate Court in Pennsylvania?

Falsified wills pose serious problems. When a will that has been forged or superseded by another legal document is submitted to the court, assets might be distributed to the wrong people. Thought courts have extensive experience reviewing testamentary documents and often can detect whether a will is falsified, these disputes do still occur. For example, […]

What Can Be Done If You Suspect an Executor Is Stealing From Your Parents’ Estate?

An executor of an estate is usually named at the time a will is created. The executor can be anybody that the testator chooses to carry out the instructions they’ve left to regarding distribution of their property. Given the importance of this role, the person chosen to serve as executor is usually somebody who already […]

Family Dispute Involving Phillies Co-Owner Shows How Changing an Estate Plan Can Become a Tough Issue

A living trust in Pennsylvania can be revised at any time while the person who created the trust is still alive. Once a testator passes away, however, the living trust then becomes irrevocable. Changes can then be made only if all of the beneficiaries consent to the revisions and submit them for court approval. This […]

How the Probate Process Works in Pennsylvania

Whenever someone passes away in Pennsylvania, his or her estate will likely need to go through the probate process. This involves validating the will and distributing any assets and property the deceased individual owned. The process begins when the estate’s executor, named in the will, files a probate petition with the register of wills in […]

Significant Changes to Gift and GST Tax

The newly enacted Tax Cuts & Jobs Act makes significant changes to the Gift and GST taxes.  One such change is that the §2503 gift tax exclusion amount will increase to $15,000 after five long years of being at $14,000. Additionally, the Tax Cuts & Jobs Act increases each taxpayer’s lifetime exemption from $5,490,000 in […]

The Benefits (and Drawbacks) of an Irrevocable Living Trust

When planning your estate, you may find that you have two specific needs: to reduce your tax burden and to protect your assets and property. One way to do that is to set up an irrevocable trust. Through this process, you place a certain amount of your assets and property in the trust. Once you […]

How the Probate Process Works in Pennsylvania

Whenever someone passes away in Pennsylvania, his or her estate will likely need to go through the probate process. This involves validating the will and distributing any assets and property the deceased individual owned. The process begins when the estate executor, typically named in the will, files for probate with the register of wills in […]

Dividing Insurance Policies, Retirement Accounts When You Have a Blended Family

According to the Pew Research Center, about 40 percent of all marriages in the United States in 2013 included at least one spouse who had been married before. And in many cases, one or both spouses entering into a marriage have children from previous relationships, resulting in an increasingly common situation known as a “blended […]

Lender Beware

Much has been written about Pennsylvania’s Act 95, the new Powers of Attorney (POA) Law. The Estate Planning and Administration Bar has studied and commented at length regarding its revised Notice, Witness and other provisions.  However, the new POA Statute also has a somewhat inexplicable provision, directly affecting commercial lenders. Most commercial loan notes in […]

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