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June 2016 Archives

Can estate administration be simplified by online storage?

In today's increasingly wired world, there seems to be a app or software program for everything. In terms of estate planning, there are multiple companies that offer to store documents online, which can assist loved ones when the time comes to handle estate administration. That said, the online realm is also subject to attack from cyber thieves. Many in Philadelphia are concerned about the security of these documents, and the risk that they or their loved ones could be the victim of theft if their estate plan is accessed by the wrong parties.

Life insurance trusts can be critical for special needs children

Families with special needs children are aware of the extra care and consideration that their children require. When the time comes to consider estate planning, families need to focus on structuring a plan that will ensure that the special needs child will be cared for throughout his or her life. Life insurance trusts are among the best options for Philadelphia families who are concerned about continuing care needs.

Pennsylvania estate planning terminology can be confusing

Some Pennsylvanians may procrastinate concerning their estate plans because of a lack of understanding of the documentation and the applicable terminology. There may be misconceptions that are holding people back. Consulting with an attorney may provide answers and eliminate confusion about estate planning.

Inheritance dispute over billionaire's estate

Most people in the Philadelphia area want to leave some sort of legacy behind them when they pass away. In some cases, their legacy could be in the form of an inheritance left to loved ones. Unfortunately, if proper documents are not in place, an inheritance dispute could follow the loss of a loved one. Such a dispute has arisen over the estate of a deceased billionaire who lived out of state.

Wills are the best way to protect a surviving spouse

One of the most common choices that married couples make in regard to planning their estate is for each spouse to leave all assets to the other. Many couples feel that they have spent a lifetime working to build a base of assets and create financial stability, and they want that stability to pass directly to whichever partner survives the other. While this is an understandable approach, it is important the the proper steps are taken to ensure that this is the eventual outcome. Unfortunately, many Philadelphia families fail to create wills that would put their intention into writing.

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Larmore Scarlett LLP

Larmore Scarlett, LLP
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