Readers may not realize that wills and trusts are not mutually exclusive estate planning documents. To the contrary, an attorney that focuses on estate planning knows that making a will can be a good idea even for individuals that have a revocable living...
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Trustees, Executors & Fiduciaries
How wills and trusts aid estate planning
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...
Assigning the right trustee to avoid estate mismanagement
Most Pennsylvanians know that when people die, control of their estates passes to someone left behind. To ensure the estate goes directly to the person's heirs and is not delayed by state-mandated probate, wills are drawn up. So if someone wants to make sure a...
Choosing a trustee for a troubled heir can help
Disinheriting a family member is a difficult decision. Here in Kennett Square, Pennsylvania, some residents may feel conflicted about whether or not to transfer properties to loved ones after death. Leaving a legacy is important, in part, because it gives the...
Why estate planning is available for everyone
Most people in Chester, Pennsylvania, may think that creating an estate plan is only for wealthy people, considering the substantial amount of assets, properties and income involved. However, estate planning is not limited to wealth protection and distribution. Estate...
The value of trusts in securing the children’s well-being
Nowadays, news of tragedies and crimes is constantly being aired in Chester, Pennsylvania. Many local people are starting to develop anxieties regarding their children's well-being. It makes a person consider taking preemptive measures that aim to protect and provide...
The requisites and tasks of being an executor
For a number of people in Chester, Pennsylvania, writing a will is all about making important decisions. One of these decisions is determining who should be assigned as the executor of an estate. Even if the person writing the will is only leaving behind a modest...
What are the duties of executors and trustees?
When a person is setting up an estate plan, there are several tools that come to mind. Residents of Kennett Square, Pennsylvania, are probably aware of wills, but other tools can also help make the estate distribution goals of a testator a reality. Other people can...
How to choose the right executor for your estate plan
Contemplating death may be such a cause of stress that many people tend to overlook the importance of estate planning. Nevertheless, everyone needs not only to set up an estate plan, but also to have it reviewed regularly and revised as necessary. In Kennett Square,...
The benefits of updating a person’s will
Preparing an estate plan is seen by many as a necessity. But for some people, estate planning can be very difficult to contemplate because it can lead to thoughts of the person's existence and ultimate passing on. The tasks and assets involved can also become arduous...