The process of guardianship administration addresses the needs of a disabled or incapacitated person who can no longer manage essential day-to-day or financial affairs. A potential guardian files a petition to become the caretaker of the estate, the person or both....
Some people in Pennsylvania might want to consider whether they should use a trust protector for their child's trust. A trust can protect assets from a stepparent who might inherit them and pass them to their own children or from a spouse. However, a trust protector...
Pennsylvania residents often revise their estate plans due to changing family situations or when changes are made to tax laws. Individuals sometimes pass away before they make important changes, but it may still be possible to revise estate plans that no longer serve...
For many families in Pennsylvania and throughout the country, it can be difficult to talk about money and mortality. However, by bringing up these topics in a sensitive manner, it can be possible to do so without starting any fights. Adult children who are thinking...
Music fans in Pennsylvania may remember learning about the estate problems that occurred after the passing of Aretha Franklin and Prince. Neither singer had an estate plan in place, causing legal battles and frustrated family members. Those who have worked hard and...
When it comes to estate planning in Pennsylvania, there are a number of things people should keep in mind besides having a will and one or more trusts in place. The creation of new asset categories and the passage of new regulations in recent years have changed the...
When crafting estate plans in Pennsylvania, there is much to consider. Frequently, people will concentrate on the basics like wills and trusts. However, some individuals can benefit from a power of attorney. Understanding the responsibilities that the agent will have...
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...
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...
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...