Life is filled with difficult discussions. We are often faced with speaking to loved ones about unpleasant and uncomfortable topics. One of the most difficult is end-of-life planning for your aging parents. Nobody likes to face their mortality, and having this talk with your parents can be one of the most difficult...
Charitable Giving and Estate Planning: Strategy for Donors
If you are like many people, you like to give to your favorite charities. This may be in line with your personal philosophy or religious beliefs, or just that you support certain causes. No matter the reason, charitable giving is a great way to help others. An added benefit is that giving...
Estate Planning Essentials: Why You Need a Will and Trust
If you are like most folks here in Pennsylvania, you are going to want to be able to provide for your loved ones when you are gone. This is why it is crucial that you work with an experienced attorney to help you with your estate planning. It doesn’t matter if you...
Understanding Pennsylvania’s Inheritance Tax Laws
Inheritance tax in Pennsylvania, a topic often thought of as complex, is a crucial aspect of estate planning that residents need to understand. Unlike many states, Pennsylvania imposes this tax on certain beneficiaries who inherit property, making it an important consideration for those planning their financial legacy. The tax rate varies...
What Are The Steps In The Estate Planning Process?
The thought of doing your estate planning can be daunting and emotional for many. Still, it is essential to consider it because ensuring your assets are distributed according to your wishes after passing is critical. While it can be intimidating to think about having legally binding documents written and executed, it is...
Estate Planning Tips To Avoid Beneficiary Disputes
How can you plan your estate to decrease the possibility of later arguments between your loved ones? Estate planning is a crucial step in ensuring that your assets are distributed according to your wishes, but without careful planning can lead to disputes among beneficiaries. You should take proactive measures during planning to...
Understanding The Orphans’ Court In Pennsylvania
The Orphans’ Court was organized as a separate entity in the 1600s to protect orphaned children and their right to the estate of deceased family members from claims and against abuses by stepparents and others. The Orphans’ Court in Pennsylvania is now a specialized division in Pennsylvania's Court of Common Pleas. It...
Assets Most Commonly Left Out Of Estate Plans
Creating a comprehensive estate plan ensures your wishes are honored and your loved ones are cared for after passing. However, people often overlook several key elements that can lead to confusion, disputes, or unintended consequences. Here are some commonly forgotten aspects that should be included in an estate plan:
Estate Planning Considerations For New Parents
When new parents in Pittsburgh welcome a child into their family, the joy and excitement can often overshadow the importance of planning for the future. However, estate planning is crucial to ensure their child’s well-being and security in unforeseen circumstances. By establishing a comprehensive estate plan, new parents can designate guardians, manage...
Estate Planning for Pittsburgh Entrepreneurs and Business Owners
Estate planning is a crucial consideration for entrepreneurs and business owners in Pittsburgh. It ensures that their business and personal assets are managed and distributed according to their wishes after they pass away or become incapacitated.
Key Components Of Estate Planning For Entrepreneurs and Business Owners