The hit television series "Modern Family" is a favorite among viewers and critics alike. Many in Philadelphia tune in every week to watch the antics of the Dunphy family. A recent article used the family dynamics at play on the show to illustrate the various estate...
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Weighing the pros and cons of trusts and annuities
For some Philadelphia families, estate planning is not a simple matter. In cases where one child is struggling while his or her siblings are thriving, it can be difficult to know how to best pass on an inheritance. Some families consider annuities and trusts as estate...
Easing the process of gathering assets following a loss
For many Philadelphia families, the focus of estate planning efforts is on achieving a smooth transfer of wealth from one generation to the next. However, it is also important to give some consideration to the tasks that will be required of the person who is handling...
Proposed IRS changes could impact estate planning
In early August, the Internal Revenue Service released proposed regulations that could have a major impact on the estate plans of many Philadelphia residents. The proposed changes would serve to limit the benefit of certain discounts that are made available through...
Estate planning may require family communication
A recent survey by an investment corporation revealed that many parents and their adult children are not communicating well when it comes to retirement and end-of-life issues. Often after parents have done careful estate planning, they may not inform their children of...
A minor’s power of attorney is an estate planning option
When most Philadelphia residents consider making plans for their estates, they think about issues related to their own eventual death and how to provide for loved ones that will be left behind. However, there are other aspects of estate planning that also deserve...
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...
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...
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...
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...