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November 2013 Archives

How often should an estate plan be reviewed?

Any adult in Kennett Square, Pennsylvania, who has substantial assets and wants to ensure that they go to someone specific may want to have an estate plan that becomes effective if the person becomes incapacitated as well as at death. There is no definite answer as to how often an estate plan should be reviewed, but "regularly" is a good way to make sure it remains current with both changes in assets, their distribution, heirs and legal changes.

How a probate bond protects the heirs and the estate

Dying without a valid will can complicate the distribution of assets, but even executing a will can be complex. So, when a person dies and leaves a substantial estate, the survivors could be concerned about where the assets will go and who will manage them. A probate bond is a form of security to ensure the executor's compliance with the wishes of the decedent and the security of the heirs.

The challenge of intestacy: estate administration

Dying intestate can create complications for a person's estate and heirs. Without clear instructions on how a person's assets are to be divided among the beneficiaries, state law takes over. And the state will not necessarily do what the decedent wished or what the heirs expect. A will is needed to ensure that the decedent's wishes are fulfilled.

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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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