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May 2013 Archives

Does your estate plan cover your digital assets?

When most people think of estate planning they probably picture traditional planning vehicles like wills, trusts, and advanced health care directives. Estate planning is an area of the law traditionally rooted in documents, calling to mind the image of an executor solemnly reading a will to the deceased's family and friends.

Estate administration: legal documents should be updated

Outdated legal documents can wreak havoc on estate plans. Residents of Chester, Pennsylvania, are reminded to review their wills or powers of attorney to ensure that everything is up to date. Having an accurate and effective estate administration plan can prevent disasters that could have negative effects otherwise.

Supremes take up life insurance beneficiaries in estate planning

Sometimes the slightest error or a moment of forgetfulness can come back to haunt you years later, and the field of estate planning is no exception. Sometimes something as simple as changing a beneficiary’s name on an insurance policy can have drastic implications for you and your loved ones.

Multi-millionaire dies without a will, search for heirs continues

Younger folks in Pennsylvania might assume that they do not need a will if they do not have children or a significant amount of assets. However, a will is one of the most important estate planning tools that anyone over the age of 18 should have to protect their interests. While younger folks may not understand the importance of having a will, older folks with a significant amount of assets usually understand that they will need to create wills and use other estate planning tools, such as a trust, to protect their wealth.

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Larmore Scarlett LLP

Larmore Scarlett, LLP
123 E. Linden Street,
P.O. Box 384

Kennett Square, PA 19348

Phone: 610-444-3737
Fax: 610-444-9532
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