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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...
From the time children are small, parents strive to assure each child that he or she is loved just as much as the other children in the household. Philadelphia parents will address issues of equality throughout the time that children grow from toddlers...
Farmers often have a unique set of needs when it comes to planning their estates. For many, keeping their farms in their families are top priorities. At the same time, children are not always interested in continuing the family farming tradition. This can make it...
Many Philadelphia families are aware that they are able to pass down $5.43 million in wealth without incurring federal estate tax. Beyond that amount, additional wealth is subject to taxation. As many wealthy people age, they begin to consider if gifting is a wise...
