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February 2016 Archives

An inheritance dispute can center on small things

When loved ones pass away, many Philadelphia families are thrown into states of turmoil. During the weeks to follow, family members can become embroiled in conflicts over who will get what. While most people assume that an inheritance dispute is reserved for assets with significant value, the reality is that loved ones often argue over belongings that hold little monetary value but have significant sentimental value.

Avoiding probate can reduce the risk of inheritance dispute

Having one's assets pass down to the intended heirs is the primary purpose of many Philadelphia estate plans. While a will can accomplish that goal, an estate that is built solely around a will is required to pass through probate. Probate is the legal process by which an estate is settled, including paying all debts, collecting assets and ensuring that the proper parties receive their intended inheritance. If one or more individuals decides to open an inheritance dispute, things can become very complicated very quickly.

Addressing estate planning after a serious injury

Most Philadelphia families think about estate planning in terms of what they would like to leave behind for their loved ones when the time comes. Few consider the fact that estate planning could be needed far in advance of old age, or that those plans might need to be altered to benefit oneself or one's spouse, and not children or grandchildren. Unfortunately, accidents can happen that will shift the course of a family's existence, and those changes will prompt the need for estate planning shifts.

Including a caregiver in estate planning efforts

Not every Philadelphia resident has close ties to his or her family. In many cases, events have transpired over the years that led to permanent estrangement, or a severing of the familial bond. In such cases, an individual may wish to center his or her estate planning around a caregiver. This is especially true for older people, who may be very grateful for the care and concern shown to them by an individual who was either hired to provide care or just assumed a caregiving role based on an acquaintance or friendship.

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Larmore Scarlett LLP

Larmore Scarlett, LLP
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