Creating a comprehensive estate plan can take time and a lot of thought. That’s why most people who successfully create their initial estate plan often feel a burden lifted from their shoulders. However, estate planning is a process that should be ongoing, meaning...
Western Pennyslvania Legal Blog
Financial tasks after your spouse dies
When a spouse dies, it can be devastating for their partner. Unfortunately, the surviving spouse will have urgent and important financial decisions and tasks, despite their grief. A strong estate plan can help make this process a little more bearable. Preparation can...
Plan for your inheritance
Receiving an inheritance can be viewed as a financial windfall. But it can also end up as a lost opportunity or frittered away. Seventy percent of wealthy families in this country lose their wealth by their second generation and 90% lose it by their third generation....
Should I choose my own closing service provider?
You have diligently been working through the process of buying a home in Pennsylvania and you are at the point where you are ready for closing. At this point you may have the option of choosing a third-party known as the closing service provider to conduct the closing...
Narrowing down the type of trust you want
If you are just getting started planning your estate, you may feel overwhelmed by all your options. This is especially true when it comes to trusts. Under Pennsylvania law, trusts can be adapted to meet many personal situations and goals. This adaptability makes them...
What is a special needs trust and is it right for you?
Figuring out how to ensure that your loved one’s needs are met when you’re gone can be daunting. This is especially true if your loved one has extensive medical or mental health needs that render it challenging for them to take care of themselves. While leaving them...
New parent should have an updated will
With the birth or adoption of a child, parents must also consider the worst and plan for their children’s care if either parent dies. A will helps ensure that your wishes and beliefs concerning your family and property are followed. Reasons An updated will is an...
What are the ways to challenge breathalyzer test results?
Breathalyzer tests results, or an alleged failed breathalyzer test, may lead to drunk driving charges. Drunk driving charges can be costly for accused individuals in a variety of ways which is why accused individuals should be aware that drunk driving charges may be...
Updating important documents during life transitions
Even the most diligent efforts to take care of current and future financial needs of family members can be neglected during the consequential life changes that take place with divorce and remarriage. Unfortunately, many American put off or do not update important...
Financial planning can ease strain of grey divorce
Divorce at any age can be daunting, but research shows that those who divorce earlier may have a better chance at recouping their financial losses than those who divorce later. Why does a grey divorce strain finances more? When people divorce in their late fifties or...