If you are like most people here in Pennsylvania, you are going to be concerned about providing for your loved ones after you are gone. This is why estate planning is so crucial. You are going to want to make sure your estate has been set up in such a way that...
Category: Trusts
Understanding Qualified Personal Residence Trusts (QPRTs)
Transfer of estate assets can be complex. They can also incur taxes for your heirs, especially if the value of the assets are significant. This is especially true of residences here in Pittsburgh, where real estate prices have gone up quickly over the last two decades. Individuals who have more than one...
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...
Are There Assets That Cannot Be Placed in a Trust?
When setting up a trust, you will decide what assets you want to place in the trust. However, you might wonder whether the law or other considerations prohibit you from placing specific types of assets in trust.
Understanding TrustsIn a trust, a party...
How Can You Correct A Situation Where There Has Been A Breach of Fiduciary Duty?
A breach of fiduciary duty occurs when an individual who is in a fiduciary position acts in a way that violates their duty to act in the best interests of another party, usually a client or beneficiary. In the cases of a trustee managing a trust, or an executor managing an...
Understanding the Differences Between Revocable and Irrevocable Trusts
When you enter the world of estate planning, the options and jargon can feel like you are stepping onto another planet. It is important, however, that you understand at least the basics and what the various estate planning tools can offer you and your plans for the future. Take trusts, for...