From Our “Ask a Question” Mailbag: “Please give me Examples of Estate Planning Reducing or Avoiding Taxes.” Examples of Estate Planning Reducing or Avoiding Taxes: Transfer a house to your child during your life, or at death? Example, Mrs. Jones purchased her Philadelphia house 40 years ago for $30,000.00 and […]
Category: Estate Planning
Common Missteps When Creating a Will: Thinking about creating a will is not the easiest task an individual must face during the course of a lifetime. Attempting to determine how you would like your property to be handled in the wake of your death is not exactly pleasant. However, doing […]
Estate Planning Lawyer King of Prussia, PA When a person dies, the executor has many responsibilities. One of those tasks is paying the deceased person’s debts. This is the case even when the deceased is in bankruptcy proceedings. The proceedings do not necessarily end with death. Heirs can only inherit […]
Estate Attorney Cherry Hill, NJ Once you have a child, Creating Your Will with Minor Children in Mind becomes essential. In an ideal world, parents would not pass away until their children are well into adulthood. Young children need their parents so much, that no one wants to leave them […]
One of the obvious benefits of having a will is you get to name the beneficiaries of your estate. When I sit down, as an estate planning lawyer St. Peters trusts, to meet people, they almost always have an idea of who is going to be their beneficiaries. What if […]
As a parent, you are always striving to look out for your children’s best interest. Your children’s best interest includes a plan making sure they are well taken care of. But what happens if you’re no longer there to help guide them through life? Having an official will can help […]
Many people are under the misconception that estate planning only involves drafting up a will to leave your belongings to whatever heirs you choose. They do not realize that there are multiple elements of estate planning that should be addressed and while wills are an important part of that process, […]
Thinking about your eventual demise is not exactly something that people like to spend very much time doing. Despite this, planning for the future and the distribution of your assets to loved ones is necessary. Estate Planning is part of ensuring that your wishes are carried out. Further, making sure […]
What is an Estate Plan? Many people think they do not need to concern themselves with “estate planning” because they believe that they do not have an “estate”. Or, people believe that their estate does not have great value. For these reasons, people put off planning for the future. What […]
From our “Ask a Question” Mailbag: Inheritance and Probate Most Recently Updated August 10, 2018. Inheritance and Probate When a person passes away, in some situations, the estate must be settled through a legal process known as probate. This is an important step for beneficiaries to receive assets from the […]
