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Serving as executor of someone’s estate is a position of honor and respect. In most cases, people choose someone they deeply trust for this role. As that executor, you may wonder where you should start. It may seem confusing to those new to the role, but it is easier...
When you hire an estate attorney, you expect them to be reliable enough to carry out your wishes exactly as they are written in your will. But what happens if they relocate, die, or retire without your knowledge? Your will should still be valid, but there are actions...
When someone dear to us passes away, it can be difficult and emotional for the family. Along with grieving the loss, many practical matters need to be addressed, such as distributing the deceased's estate and assets according to their wishes. This is where an executor...
The death of a loved one comes with an array of emotions and difficult situations. If your loved one fell into the high percentage group of people without a will, you also face dealing with probate court. During this difficult time, many people feel overwhelmed with...
Transferring property to your kids through a deed can have significant tax implications for your estate and your children. For example, gift taxes may apply if the transferred property's value exceeds a certain threshold, and your children may be subject to capital...
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...