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When some Philadelphia residents hear the word "estate," they may think about a mansion set in an expanse of green lawn, perhaps surrounded by grazing horses and with an large gate at the end of a winding drive. In reality, the word simply means the...
As the American population continues to age, individuals from the Baby Boomer generation are nearing or entering retirement. Boomers may have specific estate planning needs that are going unnoticed. A recent article takes a look at the unique scenario facing millions...
Once a Philadelphia resident has completed his or her estate plan, a deep sense of satisfaction often follows. Knowing that the proper provisions have been made for those who will be left behind is very soothing to many people and checks off an important item off of...
Many single people feel that they do not need to address estate planning until they have a family to consider, or that they have yet to amass a degree of assets that would necessitate an estate plan. These individuals are overlooking an important component of estate...
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...
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...
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...
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...
No matter how kind or generous, benevolent and forgiving, there are few Philadelphia residents who wish to provide an inheritance for their ex husband or wife. Without the proper estate planning measures, however, that is exactly what could take place. Many people are...
When most Philadelphia residents think about estate planning, they focus on the transfer of wealth from one generation to another. This is the primary estate planning goal for many families, but it is not the only area of focus that exists. For couples who do not have...
