It isn't uncommon for Pennsylvania residents to use beneficiary designations for 401(k) or 403(b) assets. Designations can also be used on a variety of other assets, including cars, houses or boats. It is important that these designations are made carefully to avoid negative or unintended estate planning consequences.
Divorced and divorcing parents in Pennsylvania are often concerned about the well-being of their children. In most cases, both parents plan to remain involved in their children's lives. Whether the parents opt for a shared custody arrangement or a more traditional setup, where one parent has primary custody and the other has visitation rights, people need to work together to ensure that their children's best interests are protected.