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Tag: Bucks County

PA Inheritance Tax and the IRA – What You Need to Understand

Posted on Mon Nov 17, 2014, on Probate and Estate Administration

With one exception, if a Pennsylvania resident dies before reaching the age 59½ his IRA is not subject to the Pennsylvania Inheritance Tax. This is because of a Pennsylvania rule stating that there will be no tax levied on the value of any retirement plan for which the deceased would have been penalized had he removed the funds during his lifetime.

Klenk Law

Keeping an Eye on the Executor in Bucks County

Posted on Sun Oct 12, 2014, on Probate and Estate Administration

Beneficiaries of Bucks County estates will often approach us asking our help in keeping an eye on the estate’s executor. This is often the result of the executor not sharing information about the estate with the beneficiary, the executor’s unreasonable delays, or when the executor’s behavior has raised the beneficiary’s concern.

When we are asked about what steps a beneficiary can take to keep an eye on the executor, I will outline various options, such as:

Klenk Law

Bucks County Register of Wills Accepts Credit and Debit Cards

Posted on Mon Sep 29, 2014, on Probate and Estate Administration

The filing of your Bucks County Will with the Register of Wills just got easier.

The Bucks County Register of Wills, Don Petrille, announced that his office will begin accepting credit and debit cards for the payment of all office fees. The Clerk of the Orphans’ Court will also accept credit and debit cards for all court filings.

Klenk Law

Choosing Your Executor in Bucks County, PA

Posted on Sun Sep 28, 2014, on Estate Planning

If you are a Bucks County resident with a will, following your death your executor will take your death certificate, the original copy of your will, a checkbook and an ID card to the Bucks County Register of Wills Office to be sworn in as the executor of your estate.

Being an executor means that this person is a fiduciary with many responsibilities and duties. Selecting the correct person for the job is a vital part of your estate plan.

Klenk Law

Estate Planning in Bucks County, PA

Posted on Sun Jul 20, 2014, on Estate Planning

Often people will ask me if their assets are large enough to justify an estate plan. The simple answer is that if your life never changes, if you never get ill, if your assets never change and if your children’s lives are worry free, you might not need an estate plan. Otherwise, if your life is like the rest of ours, you will benefit form an estate plan. It might not be a complicated plan, but the chances are that even a simple estate plan will provide you great benefits.

Klenk Law

Changes at the Bucks County Register of Wills

Posted on Mon Jun 30, 2014, on Probate and Estate Administration

The Bucks County Register of Wills has bowed to popular demand and the changing electronic (and plastic) world in which we live. As of February 2014, the Bucks County Register of Wills will accept credit cards. This means that when you are filing a Will for probate at the Register of Wills, you no longer need to use your personal funds to cover the cost until you can obtain Letters allowing you to access the deceased’s accounts. By using your credit card, you can now obtain the letters and have your estate planning lawyer access the accounts and free up the funds to cover the cost before the card payment comes due.

Klenk Law

Genealogical Research in Bucks County

Posted on Tue Jun 24, 2014, on Probate and Estate Administration

The Bucks County Register of Wills possesses a wealth of data for those interested in genealogical research. When a Bucks County will is probated, the Register collects a copy of the person’s death certificate, the person’s original will, an inventory of the person’s probate assets and a copy of the person’s inheritance tax return.

The Bucks county probate file might also include many other family related items. All of these documents can provide invaluable family information to a person working on a family tree.

Klenk Law

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