Most people find real estate transactions to be confusing. While they may seem simple on their face, there are a lot of intricacies that, if mishandled, can result in an undesired outcome, costing you a lot of time, money, and stress. That’s why a lot of people who...
Western Pennyslvania Legal Blog
What you need to know about trustee breach of the fiduciary duty
Dealing with the loss of a loved one is never easy. And as you try to find a way to cope with the emotional impact of losing your loved one, there may be other issues that come up that make the grieving process even more challenging. Among these are navigating the...
Understanding a real estate purchase agreement
Purchasing a home in Pennsylvania involves reading and signing a lot of paperwork. You will be asked to review many different types of contracts and it is important to understand what each one is and the purpose it serves. Even if this is not your first time buying a...
How can trusts benefit your estate and your loved ones?
Far too many people put off the estate planning process until it’s too late. This can put your assets at risk of being inherited by someone you never intended to support, and it can open the door to familial conflict when multiple individuals think that they have a...
When do you need to revisit and modify your estate plan?
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...
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...