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There is no straightforward answer, as it depends on the situation and your relationship with your spouse. But you may want to ask yourself, is your spouse up to the challenge? An executor of an estate is responsible for your entire estate when you are gone. They...
A will benefits you and the people you will leave behind. It expedites the distribution of your assets and makes it easier for your loved ones to come to terms with losing you. However, you do not write a will once and then forget about it. In fact, you should...
Choosing someone to serve as the executor of your estate is likely a major part of your estate plans. If you are also considering the creation of a trust, you will need a trustee to manage it. You might wonder if an executor and a trustee are one and the same. It is...
Regardless of your age or the number of assets you own, estate planning is a crucial concern. Developing a solid plan will protect the assets you worked so hard for, while also protecting your loved ones after you are gone. As a result, you must avoid common estate...
Your executor determines the success or failure of the administration of your estate. The most well-thought-out estate plan might become a disaster if you hire an incompetent administrator. According to Pennsylvania Legislature, any person 18 or older with no conflict...
Creating an estate plan is just one step in a multi-part process. After you have created the plan, you must then go back and review it periodically. But how do you know when the time is right for an estate plan review? A baseline of reviewing Forbes discusses the best...
As a responsible individual, you know that estate planning is essential. You want a lawyer that is both friendly and suits your needs. The thought of locating someone that fits the bill may induce anxiety. Relax, as the right tactics should ease your quest for an...
When someone dies without a will in place, the law refers to the event as dying intestate. If your parent dies intestate, you and your family might be in a state of confusion regarding the inheritance of their estate. The Pennsylvania courts oversee the process of...
When you agreed to administer your uncle’s estate as executor, his eventual demise seemed a long way off. However, with his unexpected death, your work on his behalf is about to begin. Here are five tips to help you manage your role as executor successfully. 1. File...
The family unit is incredibly important for a child’s well-being and development. Families look different from household to household, with blended families, single-parent households and extended family systems becoming more common. Supportive family relationships are...