Living trusts allow a family to customize their estate planning based on their individual needs. They are also cost-effective in avoiding taxes and the probate process, which can be very expensive. The death of a loved one kicks off a complex legal and business...
Your Lawyers For Life
Month: May 2013
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...
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Outdated legal documents can wreak havoc on estate plans.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...
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...
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...