Couples in Pennsylvania may believe that ending their marriages will make their lives better. While this may be true for some, there are several myths about divorce and separation that couples should disregard. One of the big misconceptions is that child custody or...
Year: 2019
Easy steps for creating an estate plan
Estate planning can be a difficult concept for many people in Pennsylvania and throughout the country. However, it may be easier to create a plan by breaking the process into different steps. The first step is to consider who the beneficiaries of the plan will be. For...
How prenups can protect business interests
In previous decades, the stigma of asking for a prenuptial agreement prior to getting married meant that many Pennsylvania couples opted to forgo an agreement. However, prenuptial agreements are becoming more commonplace, especially as couples obtain real estate and...
Can you stop your former spouse from moving with your children?
Your relationships with your children can help them recover from the stress of divorce. In most cases, children of divorce fare best when they can keep up healthy relationships with both parents. Those parents don’t have to live together, but it often helps if...
Naming a trust as a beneficiary of an IRA
A common way for Pennsylvania residents to save for retirement is with an individual retirement account (IRA). The potential problem with setting up an IRA is that the account holder could pass away before having the opportunity to take out the money at the...
Using a trust in Pennsylvania
There are many different reasons to include trusts in an estate plan. These legal documents can be utilized to protect funds from the creditors of recipients and from being split up during a divorce. A trust could also manage and regulate investments and spending so...
Personal loans could pay divorce expenses
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...
Protecting heirs from financial responsibility
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...
Filing a military divorce
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....
Misconceptions about estate planning
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...