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July 2013 Archives

Making estate planning work for you

People naturally think sometimes of what will happen after they die and how their legacy will be passed on. Death is certain, and being unprepared for it can result in resentment and disputes among the heirs. That is the reason why people in Kennett Square, Pennsylvania-or anywhere-should prepare an estate plan.

Tips on drafting wills for easier estate administration

Leaving a legacy can be a daunting task for many people here in Kennett Square, Pennsylvania, as well as throughout the United States. Writing a will can help significantly to transfer property in the event of a person's death and ensure that everything is in order; however, many people are hesitant to do so because these matters often touch on delicate subjects. However, without estate planning, the properties may be distributed differently than how the deceased person wanted them to be distributed, which can lead to disputes among surviving family members.

Why an estate planner is needed to set up burial trusts

Here in Kennett Square, one of the trusts that can be used to ensure that survivors will not have the trouble of funeral concerns is a burial or funeral trust. A funeral trust is a set up by funeral homes or cemeteries as a pooled income fund to which a person transfers properties that will take care of future funeral and burial costs.

How to draft a will to avoid probate issues

Many residents of Kennett Square, Pennsylvania, think that estate planning is only for the very wealthy but that is a misconception.. Any legacy may lead to a family fighting over the inheritance because of family dynamics or sentimental reasons that far outweigh the monetary value of the estate. While taxes may be a major consideration, there are many other issues that family members have been known to fight about as well.

What are the duties of executors and trustees?

When a person is setting up an estate plan, there are several tools that come to mind. Residents of Kennett Square, Pennsylvania, are probably aware of wills, but other tools can also help make the estate distribution goals of a testator a reality. Other people can manage an individual's assets after his or her death.

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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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