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....
Year: 2022
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...