It is important for people to take care of their finances properly. When they pass, a proper estate plan can help to continue the correct usage of their assets.
Being the executor of an estate is not an easy job. There is a lot to it and if one is not careful, mistakes may be made. Here are some common mistakes that executors have made working through the probate process in Pennsylvania.
As a Pennsylvania parent in the process of a divorce, your children’s post-divorce happiness and welfare probably rank right at the top of your list of concerns. If you and your spouse are like most divorcing couples, (s)he, too, has deep concerns about the children. You both realize that your family is breaking up and that this breakup will affect your children for the rest of their lives. You both want to minimize its negative effects on them.
When a loved one dies, taking care of his or her estate can prove to be a challenging task. If a valid will exists, the state of Pennsylvania will allow assets to be distributed in accordance with the information contained within the will. Without a will or any other estate planning documents in place, the estate may be subject to state probate laws.