The probate process may remain a mystery until a loved one's death. Then you may find yourself thrown into this common court process armed with little to no insight. A will goes through probate in Pennsylvania regardless of the estate's value. The probate process may...
If someone in your family has special needs, you likely need to think about their well-being and the ways in which your estate plan will affect their future. For example, some people do not understand the potential consequences of receiving assets through certain...
Creating a will can help your loved ones carry out your final wishes after you pass away, but what happens when a major life event changes the circumstances you already laid out in writing? Farm Bureau Financial Services reports that wills play many roles, from...
Creating a will can help your loved ones carry out your final wishes after you pass away, but what happens when a major life event changes the circumstances you already laid out in writing? Farm Bureau Financial Services reports that wills play many roles, from...
Many Pennsylvania parents of children with special needs consider creating special needs trusts. These important estate planning tools give you a way to leave assets behind for your child after your death while allowing your child to remain eligible for certain...
You may ask yourself what the next steps are after you create your estate plan. First, you must keep it updated to reflect your current life circumstances. But you should also let your loved ones know about its contents. Why? Because you have the chance to clear up...
Contesting a will means that you question the validity of it. You feel there is something in the will that is not legal or that the creation of the will somehow violates the law. When you contest a will, it occurs during probate. It will stop probate matters because...
It is natural to feel wary about creating a power of attorney. The idea of turning over your decision making powers to someone else is not something to take lightly. Still, a power of attorney can be crucial and you want to have it ready at the earliest possible time....
An important part of the estate planning process in Pennsylvania is preparing to minimize any liabilities your estate may face upon your death. You can take steps to settle debts and avoid probate, but one expense that may seem inevitable is taxes. Fortunately, there...
For Pennsylvania residents with assets, having a formal estate plan ensures that property goes to whom or where the owner wishes instead of the probate court making the decision. If you have a family, financial accounts, real estate and vehicle, a will is the first...