Many people like you hope to find an easy, seamless way to transfer their assets to heirs after their passing. In the realm of estate planning, Payable on Death (POD) and Transfer on Death (TOD) accounts are often touted for their simplicity and efficiency in bypassing the probate process. These financial tools allow account owners … Read more
In life, uncertainty is the only certainty. Events unfold, often unexpectedly, leaving individuals and their families to navigate the complexities of legal and financial affairs during times of crisis. Understanding the significance of establishing a power of attorney in PA is crucial for protecting oneself and one’s assets. This blog will highlight some of the … Read more
Creating a trust fund— these words might conjure images of luxury, a privilege thought to be reserved only for the ultra-wealthy. However, this is a profound misconception. A trust fund is not just a symbol of affluence, but it is also a formidable tool in estate planning. It provides financial security, is a mechanism to … Read more
Losing a loved one is undoubtedly one of life’s most challenging experiences, and amidst the emotional turmoil, legal complexities can often add an additional layer of stress. In Pennsylvania, seeking the guidance of an experienced attorney is crucial to navigating the legal aspects that follow the death of a family member or friend, whether or … Read more
Inheritance laws can be complex and nuanced, and that is especially true in Pennsylvania. If you are a resident of the Keystone State or stand to inherit property here, it is essential to be informed about the legal landscape. Understanding inheritance laws in PA is crucial for estate planning and navigating the legal landscape after … Read more
Some complexities can be difficult to understand when learning about the intricacies of special needs trusts and estate planning for those with special needs in Pennsylvania. Whether you’re a caregiver, a family member, or an individual with special needs, you will want to know the potential advantages of these trusts. When you’re ready to navigate … Read more
Has your business outgrown its current space? Are you considering moving to a more centralized location? Or will you launch your startup as soon as you find the perfect piece of Lancaster commercial real estate? Perhaps you plan to sell a piece of commercial property. Or maybe you want to purchase an investment property to … Read more
When someone passes away, their last will and testament serves as a declaration of their final wishes and how they would like their estate to be divided. Typically, the will names an estate executor who oversees fulfilling the decedent’s last desires. PA estate law requires this person to meet this responsibility to the fullest extent … Read more
It’s hard to believe that tax time is upon us once again. Just like the blooming daffodils and our Lancaster Country farmers preparing their fields for planting, tax time is a springtime ritual—even if no one celebrates it!
With that in mind, you probably landed on this article because you have nagging questions about working through various types of estate-related taxes. You’ve come to the right place, as we often cover taxing matters related to estate administration here on the blog.
A little while ago, we published a post here on the blog as part of our Complete Guide to Estate Planning series covering all of the most vital estate planning documentation you need to consider.
High on that list of essential documents is a power of attorney (POA) designation—or perhaps more than one—allowing you to designate a specific trusted individual or individuals, like family members or other loved ones, to be in charge of your affairs or help you make financial decisions, healthcare decisions, and more.
Today’s post focuses a little bit more closely on why experienced probate and estate lawyers strongly recommend setting up POA designations as part of your estate plan to be fully prepared for all eventualities as you age. In the question of guardianship vs. POA, you want to avoid your family needing to seek guardianship.
Our law firm offers an array of legal services to our local clients. When you need legal help, talk with one of our lawyers near you in our Lancaster offices.
