Estate planning provides you with ways to build wealth. Planning for retirement through your current estate is possible if your assets create income. Stocks, which can be held in a trust, produce gains that, when managed right, can be held tax-free in Pennsylvania....
Estate Administration & Probate
Should you name alternate beneficiaries?
When planning your estate, you will name beneficiaries to receive your assets when you are gone. However, life is uncertain, and those people might pass away before you do. As such, it is wise to name alternate beneficiaries. An example While you are going through the...
Estate planning conversations can prevent problems
Should you ask your parents about their estate planning? Pennsylvania law favors those who have well-written estate plans. Your parents do not have to be high net-worth individuals to benefit from taking care of estate planning now. Failure to leave a set of...
Where to start your conversation about estate planning
Some put off estate planning, perhaps because they don't want to contemplate their mortality. Others think of it as something that can always wait until later, while some people enjoy the process of "giving it all away" or constructing their lasting legacy. Regardless...
Understanding wills and trusts
Pennsylvania adults who are preparing for the estate planning process likely have many questions. Some of the most common questions are regarding wills and trusts. Understanding the difference between each can help you to decide if you need to include either or both...
Tips for high net worth estate planning
Pennsylvania citizens with a high net worth will want to start the estate planning process sooner rather than later. Getting an early start on estate planning helps to ensure that your assets are passed on as you wish to your chosen beneficiaries. Below are some tips...
If you own a business, you should get a succession plan in place
If you own a business, knowing how to plan for the future is important. You have to continually set goals, assess your progress and make adjustments as you go — always with an eye toward your company’s long-term prosperity. However, have you started thinking about...
Technology and estate planning
Chances are you spend a lot of your time online. This also means most of your files and records probably live on your computer. What you might not realize is that these online files must now factor into how you plan for the future and what happens after you die....
Estate planning covers more than financial matters
Pennsylvania residents commonly link wills and trusts to finances, which certainly play a large role in the process. However, a person is much more than their money and property. Why should the law only protect the future of their assets? In truth, estate planning is...
Pennsylvania will laws you might not know about
Thinking about writing a will is a tough subject. However, it can be very important for you to look into forming one. There are many crucial aspects of a will, besides dictating the distribution of your estate or valuables. In your will, you can designate a guardian...