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December 2015 Archives

End-of-year estate planning moves to consider

As the last few days of 2015 approach, many Philadelphia residents are considering whether they need to take any steps to address their financial needs. In terms of estate planning, the end of each year is a great time to review the existing plan and make any necessary changes. The following choices are just some of the options available to ensure that estate planning remains on track as 2016 approaches.

Avoiding conflict surrounding trusts and inheritance

Many Philadelphia residents will spend a great deal of time and effort constructing their estate plans. The end results will be comprehensive plans that makes use of wills, trusts and other vehicles to facilitate the transfer of wealth to their intended heirs. Unfortunately, far too many people fail to adequately communicate with their loved ones about those plans, which can lead to a great deal of tension and strife amongst surviving family members.

Estate planning document storage options

Many Philadelphia residents recognize the need to store their estate planning documents in a secure location. Determining what that location might be, however, is not always so simple. Fortunately, there are a variety of options available that give families flexibility in choosing where to store estate planning documents.

Philadelphia millennials and estate planning issues

Pausing from the hustle and bustle of daily Philadelphia life to talk about mortality and legal issues is something many young adults might not be doing on a regular basis. However, those of the millennial generation will want to consider the fact that not pursuing estate planning issues may lead to unintended consequences for family members down the line. It is not just a topic for the elderly or wealthy.

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Larmore Scarlett LLP

Larmore Scarlett, LLP
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