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Readers of this blog may know that a certain value of their assets is exempt from estate tax. An estate attorney would refer to this value as the exclusion amount. In 2014, that amount is $5,340,000. Yet there may be other tax implications or concerns involving...
What happens when an individual is overtaken by sudden incapacity? An attorney that specializes in estate planning knows that undesirable consequences may follow, even if loved ones know that the individual would have wanted a different outcome.For example, if an...
While very few residents of Kennett Square, Pennsylvania, think of dying suddenly, most realize the need to prepare for any of life's uncertainties. No one wants to leave their family fractured by failing to plan for the future, which is why estate planning was...
Discussing death and other unexpected life changes are troubling thoughts for Pennsylvanians. Here in Kennett Square, many residents, and retirees in particular, are now planning their estates to ensure that properties and assets will be distributed among their...
Pennsylvanians know that the future is full of uncertainty, and that the only way to prepare for the worst-case scenarios in life, including incapacitation and death, is to do estate planning. Some people consider estate planning as a tool used exclusively by wealthy...
Local residents of Chester County, Pennsylvania, who enjoy watching the 'Fast & Furious' movie franchise, may still recall the tragic car accident that claimed the life of actor Paul Walker. Following the fatal accident, readers may be curious about the late...
Life can end at any time. Philadelphia residents know that unexpected occurrences like traffic accidents or serious medical conditions can instantly end their lives and change the lives of surviving family members. A sudden death can leave family members grieving, but...
The thought of dying and leaving property and assets behind is why some residents in Kennett Square, Pennsylvania, consider using estate planning tools, such as trust. Readers need to understand that without a trust and other estate planning tools, their property and...
In the past, Pennsylvania readers may have heard of estate planning among rich people or in the movies when someone dies and the rest of the estate is distributed among heirs or beneficiaries. Now, estate planning tools such as trusts, wills, durable powers of...
Estate planning tools, such as wills and trusts, enable Pennsylvanians to designate how their assets will be distributed among heirs or beneficiaries after their death. However, wills and trusts are subject to dispute. Anyone who has had to contest a will and...
