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March 2015 Archives

Is it possible to refuse a bequest or inheritance?

In a recent article from Think Progress, an independent non-profit organization, climate scientists urge museums to refuse donations from fossil fuel companies and "funders of climate science obfuscation." In particular, the scientists advise that money from David Koch, co-owner of multinational corporation Koch Industries Inc. Koch, it seems, is a generous donor -- $67 million since 1997 -- to organizations that actively oppose climate change theories, practices and policies.

Pennsylvania's revised power of attorney law took effect Jan. 1 - concl.

We are wrapping up our review of Pennsylvania's revised power of attorney law. All of these changes were effective Jan. 1, 2015. Some of them are a little confusing, and those of us who have recently drafted or executed a power of attorney document may want to consult with an attorney to make sure all the revised i's and t's are dotted and crossed.

What tools can I use to shelter my assets from probate?

Probate is not a word that many people are very fond of for many reasons. It is a complicated legal process, which in itself can cause anxiety. Amongst other factors are the time it takes to complete, the expense incurred by the estate before taxes or debts are even paid and the public nature of the process.

Pennsylvania's revised power of attorney law took effect Jan. 1 p3

Pennsylvania's power of attorney requirements changed at the beginning of the year. In truth, some changed in 2014, but everything included in the bill passed last year is now in full force. And while change can be hard in this area of the law, the good news is that these changes offer greater protection to both the principal and the agent.

Pennsylvania's revised power of attorney law took effect Jan. 1 p2

We are continuing our discussion of the changes to the law governing powers of attorney. At the end of our last post, we mentioned that the new law amends the text of the notice that appears at the beginning of the power of attorney document. For those of us who rely on reading glasses more and more, the General Assembly has not changed the requirement that the entire notice be in capital letters.

Pennsylvania's revised power of attorney law took effect Jan. 1

How did it get to be March already? You would think that the weather this winter would have made time stand still, but here we are, finally following up on a promise we made in our September 2014 series about powers of attorney ("Durable, limited, whatever: Power of attorney is a flexible tool). The promise was to go through the changes to Pennsylvania's power of attorney law that took effect on Jan. 1.

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