Pennsylvania Guarantees Taxes in Life and in Death
Posted August 3, 2023 in Trusts & Estates
Benjamin Franklin once said, “Our new Constitution is now established, everything seems to promise it will be durable; but, in this world, nothing is certain except death and taxes.” The Commonwealth of Pennsylvania Department of Revenue (DOR) ensures that Benjamin Franklin’s old adage continues to ring true. On the date of your death, the DOR […]
College: Your child needs more than books and bedsheets, do not forget your Power of Attorney!
Posted July 16, 2023 in Trusts & Estates
Your student is an adult as far as the law is concerned at the age of 18, it is important that a Power of Attorney is in place so if a situation arises where your son or daughter cannot make financial and legal decisions independently, then you are ready to do it on their behalf. […]
Estate Planning for First Responders
Posted June 30, 2023 in Trusts & Estates
Estate planning is essential for everyone, regardless of their profession. First responders are in a unique position due to the risks associated with their important, and often dangerous occupations. Annually, 60-100 firefighters die each year in the line of duty. The cause of death varies; however, a majority of the deaths are attributable to sudden […]
Why Single Parents Should Take Estate Planning Seriously
Posted June 6, 2023 in Trusts & Estates
Estate planning does not strike fun in the minds of most, but it is important that it is approached in a serious and personalized manner, especially for single parents. Below are a few of the most important reasons why a single parent might want to take steps in planning their estate and later making updates […]
Being Organized Can Help Save Taxes on Your Estate in Pennsylvania
Posted January 18, 2023 in Trusts & Estates
Picture this scenario, your employment is the job of your dreams. You earn a wage that provides for your family now and into the future, including retirement. Then, the unthinkable happens, and you pass away unexpectedly. This scenario is scary, but it is not out of the question. This is especially true in light of […]
Own a House with Someone You are Not Married To? Think About This
Posted January 12, 2022 in Real Estate, Trusts & Estates
I had a call the other day from a frantic seller of real estate in New Jersey. This person took ownership of property being sold as a right of survivorship after the other co-owner passed away. The title company not only requested proof of death of the deceased co-owner but also required a waiver regarding […]
Life Changes – Divorce and Estate Planning
Posted November 1, 2021 in Family Law, Trusts & Estates
In 2018, country music singer Thomas Rhett had another hit when he sang “ain’t it funny how life changes, you wake up, ain’t nothing the same.” In the song, aptly titled “Life Changes,” Rhett focuses on joyous life changing events, such as marriage and parenthood. While there is a country music song for almost every […]
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