On average, an individual going through a divorce will spend about $15,000 in legal fees. A person who is ending a marriage in Pennsylvania or anywhere else may turn to a personal loan to cover that expense. This may be an ideal solution because lenders may allow a person to borrow up to $50,000 or more at one time. Furthermore, personal loans can come with lower interest rates than credit cards or other sources of funding.
Many parents expect to give their children or other heirs an inheritance but may be concerned that all the wealth they earned will be squandered by an irresponsible heir. There are several reasons this could happen, including bad financial habits, unhealthy relationships, and addiction issues. For parents in Pennsylvania, there are ways to control the distribution of inheritance so the heirs can get the money they need without the ability to spend it all at once.
Divorce is a life-changing event with emotional, financial and legal repercussions. Military personnel often serve in demanding roles throughout the world. A divorce is a huge stressor. It can make a difficult situation even more challenging and emotionally draining.
No Pennsylvania financial plan is complete if it does not include an estate plan. Estate planning is something many adults tend to avoid because it brings on thoughts of death and leaving loved ones behind. There are a number of misconceptions surrounding estate planning that people lean on to avoid the subject.