If you are disabled or have a disabled family member or loved one, you can create a special needs trust. A special needs trust is a type of trust created to provide financial support and protection for individuals with disabilities in Pennsylvania. Disabled...
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Month: September 2023
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My parents named me the executor of their estate. Now what?
Having parents tell you they want you to serve as the executor of their estate will likely lead to a mix of emotions. There is the inevitable sense of pride that comes when your parents recognize that you are not only a capable adult but that they trust you with the...
Three differences between executors and trustees
The roles of an executor and a trustee play important parts in managing the affairs of a deceased person. However, while both positions involve overseeing assets and carrying out instructions, there are major differences between the two. Smart Asset describes three...