Beneficiary Designation Disaster
One of the most frequently neglected parts of the estate planning process is the proper use of beneficiary designations on life insurance, IRA’s, 401k’s, annuities and other similar assets. Failure to...
View ArticleJoint Accounts Can Have Unexpected Pitfalls
Joint bank accounts are often established by individuals with the hope of creating an account with one or more of the following benefits: probate avoidance, reduced inheritance taxes or as a convenient...
View ArticleHave You Ever Wondered “Do I Need A Will?” Apparently Yes.
Periodically clients ask “Do I even need a will?” And, you would expect a lawyer who drafts wills, and trusts, and asset protection plans in Pennsylvania to say yes. And, you should know, that I...
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Is It A “Probate Asset” Or Not?
The Answer May Not Always Be What You Expect Simply “Probate” means at death an estate (the deceased person’s property) is administered and supervised by the court, often called probate court. The...
View ArticleContesting a Will or Estate Plan | Pennsylvania Estate Planning
When Creating Your Will, Get Help to Avoid Contestation in Pennsylvania When you are creating a will, you might not be thinking about whether or not one of your beneficiaries will try to contest it,...
View ArticleChoosing an Executor in Pennsylvania | Executor Compensation and Fees
Consider Compensation When Choosing an Executor in Pennsylvania When choosing an executor for your Pennsylvania estate, keep in mind that the executor is entitled to compensation for the work that they...
View ArticleAvoiding Probate when Settling an Estate by Designating Beneficiaries
Three Types of Estate Assets a Beneficiary Can Protect From Probate One of the most common ways to help your beneficiaries avoid probate when settling an estate after your death is to name...
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