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July 2016 Archives

Hillary and Bill Clinton make use of residence trusts

Part of running for the office of President involves disclosing the details of one's personal finances. When Democratic Presidential Nominee Hillary Clinton recently turned in that documentation, the public became aware of some of the Clintons' estate planning measures. Part of their estate plan is the use of residence trusts, which could be a good fit for many Philadelphia residents.

Trusts offer a variety of protections for accumulated wealth

When thinking about how to best pass on a lifetime of accumulated assets, many Pennsylvania residents consider taking shortcuts to make things easier for their children or grandchildren to inherit property or wealth. In many cases, however, these shortcuts can result in financial devastation. When it comes to protecting assets and passing down wealth, trusts are a solid choice.

Estate planning for Pennsylvania equestrians

Horse lovers throughout the state of Pennsylvania know how important it is to ensure that their animals are properly cared for. That task is a major commitment and can go on for many years. Few equestrians, however, think about what would happen to their horses in the event that the owner passes away. Including these issues into one's estate planning is important and can make a world of difference in the lives of horses that survive their owners.

The role of residency in estate planning efforts

When a Philadelphia resident is making provisions for his or her estate plan, residency is not often part of the conversation. In reality, however, where a person establishes residency can have a great deal of impact on how his or her estate planning efforts will play out. There are cases in which one state's laws can be more beneficial to a family than another, which is why residency should be discussed during the planning phase.

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Larmore Scarlett LLP

Larmore Scarlett, LLP
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