Many people try to avoid probate for several reasons. These reasons can include the fact that probate can be quite costly. It is also a matter of public record which means that you lack the privacy you may want for a process that can involve some more personal affairs. It can...
What to Know About Spendthrift Trusts
As you may have heard, trusts can play a valuable role in an estate plan for a multitude of reasons. With a trust, a person transfers ownership of assets to the trust in order to fund the trust. Those assets form the trust principle. The trust is then managed by a...
What Is an Elective Share?
Did you know that Pennsylvania has laws in place that protect a spouse’s right to inherit? It is true. For instance, should a person die without a valid will in place, he or she is said to have died “intestate.” The Pennsylvania intestate law will then direct the process of distributing the...
Why You Should Think Twice About DIY Estate Planning
You may have seen the ads. You may have had several websites pop up when researching your estate planning options. There seems to be an ever-growing number of websites that tout DIY estate planning as the answer to any problems you may have with the estate planning process. The online estate...
What You Should Know About the Elective Share Law
Why would you want to disinherit your spouse? There can actually be a number of reasons why a person would want to do so, but those who attempt to do so may prove unsuccessful in this endeavor. While the law usually works to protect personal freedom regarding the disposition of property upon...