Failure to Plan – When someone passes away, the decedent’s planning and assets are captured in a “snapshot” that govern asset transfers and other events. With a proper plan, a person’s funeral, burial, transfer of assets, and post-death protections are executed consistent with their wishes. … [Read more...] about Top 10 “Elder Law” Planning Mistakes
Donor Advised Funds v. Private Foundation
Benefits of Charitable Giving In addition to giving back to the community, teaching a family good values, and feeling good about oneself, charitable giving has considerable tax benefits. Charitable contributions can reduce the tax burden at the end of the year. A gift to a qualified … [Read more...] about Donor Advised Funds v. Private Foundation
How to Avoid Probate in Pennsylvania: Mistakes to Avoid
Probate often incites feelings of dread, and with good reason. When an estate goes to probate, litigation can drag on for months. If the surviving heirs are highly contentious, probate may last for years. One of the most important questions clients ask a Pennsylvania estate planning lawyer is how to … [Read more...] about How to Avoid Probate in Pennsylvania: Mistakes to Avoid
7 Questions to Ask Your Estate Planning Attorney
Finding the right estate planning attorney to meet your financial interests can be daunting. Despite the importance of careful financial planning, no one enjoys thinking about their ultimate demise and how to best pass along their property and possessions. It may be tempting to allow the … [Read more...] about 7 Questions to Ask Your Estate Planning Attorney
Is an Executor Required to Communicate with Beneficiaries?
Estates involve family, trust and money which is a recipe for trouble. Many times, this is the largest “check” or money that an individual may receive during their lifetime. The process demands transparency and confidence. Many times the Executor and the Estate fall short. Executors are … [Read more...] about Is an Executor Required to Communicate with Beneficiaries?
3 Concepts That You Need to Know When Setting Up an Estate Plan Trust
Posted By: Ken Russell | April 24th, 2017 Trusts are one of the cornerstones of Estate Planning. Trusts are a very flexible concept with multiple uses which are developed and tailored to each family and their respective needs. Here are 3 concepts that will help you to determine what kind of … [Read more...] about 3 Concepts That You Need to Know When Setting Up an Estate Plan Trust
