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October 2013 Archives

Things to consider while planning your estate

Leaving a legacy after death is the main goal people have when establishing wills, trusts and other financial instruments that will outlive them. However, there is no such thing as a perfect estate plan, and each tool does not necessarily meet the wishes of the testator. Many Pennsylvanians do not get to estate planning until later in life, which could prove to be a mistake.

Set up a revocable trust to avoid a lengthy and costly probate

Depicting what will happen after a person's death can be daunting, especially if there are significant assets that will be left behind. Entrusting a legacy to the heirs can become a challenge in a case where the heirs are not yet prepared to make sound decisions.

Address life changes by updating a will to avoid probate dispute

Many residents of Kennett Square, Pennsylvania, have drafted a will to ensure that they will leave behind a legacy. Changes happen every day, though, and not everyone has given thought to the idea that those changes can have a significant impact on a person's estate plan.

Why estate planning is available for everyone

Most people in Chester, Pennsylvania, may think that creating an estate plan is only for wealthy people, considering the substantial amount of assets, properties and income involved. However, estate planning is not limited to wealth protection and distribution. Estate planning may also address many end-of-life issues, which may be available for average families.

Taking care of pets upon the owner's death with a pet trust

Pets play an important role in a person's life. Whether Pennsylvania pet owners treat their beloved dogs and cats as their best friends or as buddies, the animals often receive the utmost care. However, life is full of surprises, such as a person becoming unexpectedly incapacitated or dying; these changes may bring changes to the family. Regarding family pets, if the person does not designate what should be done with the pet, that pet may end up in an animal shelter.

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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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