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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...
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...
Are you concerned about safeguarding your hard-earned assets and ensuring financial stability for yourself and your loved ones? If so, a spendthrift trust is worth considering. In an ever-changing and unpredictable world, you must have a solid plan in place to protect...
Probate, a legal process following a person's death, validates their will, appraises their assets and pays debts and taxes. In Pennsylvania, as with all states, probate is a multi-stage and complex process. Its duration can vary significantly depending on various...
There are many factors that go into writing a complete will, but one important consideration that many neglect to put sufficient thought into is the designation of an executor. It is important to thoughtfully determine who is best for the role, and you might even...
As the executor of an estate, it is your responsibility to distribute the assets according to the estate’s documents. Whether you are facing a delay during the probate process or you are just navigating the executor’s role, what you may not realize is that some of the...
One of the most critical aspects of putting together your estate plan is to designate an executor of your estate. This individual’s role is to take on the responsibilities you would typically have but can no longer have if you are sick or pass away. Choosing an...