If you've worked hard, acquired some nice things and saved a bit, you'd probably like to know that someone will benefit from those things after you're gone.However, it isn't always easy to sort through the intricacies of the way that different funds and assets are...
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Trustees
Judge rescinds multimillion dollar contract with Prince’s estate
Complications with high-value estates can make for ugly turns of events in courtroom battles. There's no exception just because the deceased is one of the most famous musicians of our time.The musician Prince, who was fiercely in control of his artistic catalog while...
What happens to the inheritance of an heir that’s already died?
If you're the executor of an estate, an already complicated process can become even more complicated when one of the heirs listed in the deceased's will dies before he or she can collect the inheritance.At that point, two different things may be possible: 1. The...
What if you aren’t happy with the trustee handling your trust?
Trustees have an important duty to uphold -- and not everyone who is named as a trustee is capable of handling the responsibility.What can you do if you're the beneficiary of a trust and you no longer have faith in the trustee's abilities? Removing the current trustee...
When the whereabouts of an heir to a will are unknown
Sometimes, when someone dies, it isn't the will that's hard to locate -- it's one of the heirs named in that will.Wills often get written down and virtually forgotten. In the time between their creation and the testator's death, however, someone named in the will as...
What does the term “fiduciary” mean in estate planning?
Estate planning discussions contain a lot of terminology, which may be confusing to people unfamiliar with legalese. Before getting started on your question, you first need to know that if you are working with an estate planning attorney, he or she will be glad to...
Handling real estate during estate planning
When structuring one's estate, it is important to address each and every asset type differently. For example, cash held in a savings account will be handled differently from an investment account. A treasured stamp collection will need a different approach than shares...
Estate planning often includes digital assets
Some people in Pennsylvania may still be getting used to showing personal photos from a cell phone or computer instead of from a dusty photo album on the shelf. However, as technology develops and evolves, it begins to affect people's lives in surprising ways. One of...
Pennsylvania estate planning terminology can be confusing
Some Pennsylvanians may procrastinate concerning their estate plans because of a lack of understanding of the documentation and the applicable terminology. There may be misconceptions that are holding people back. Consulting with an attorney may provide answers and...
A shared goal within estate planning and prenuptial agreements
When a Philadelphia resident has amassed a considerable amount of wealth, handing those assets down to children and grandchildren is a source of pride. No one wants to envision a scenario in which an heir loses access to a chunk of his or her inheritance, but that is...