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When considering estate planning, many Philadelphia residents focus on how to best transfer wealth to their children and grandchildren. For single people, the focus is often on incapacitation planning. While everyone should center their estate plan on a properly...
There are a couple of things to initially know about wills. The first is that they are absolutely vital documents that any adult needs to have. It doesn't matter if you are a young adult and you may not have the assets that someone older than you may have -- it is...
Estate planning is always a highly personal venture. Individuals have a unique set of needs when it comes to creating a comprehensive estate plan, and no two outcomes are ever exactly alike. That said, women often have a different set of needs than men, and trusts can...
With the passage of the 2012 American Taxpayer Relief Act, most Americans no longer have to center their estate plan around avoiding the estate tax, which can be as high as 47 percent of taxable assets. Currently, only those individuals in Pennsylvania who have an...
One of the most detrimental mistakes that a Pennsylvania resident can make is misunderstanding how beneficiary designations fit into an estate plan. There are a number of misconceptions that people hold in regard to their estate planning documents, but the power of...
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