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October 2019 Archives

Thinking about filing a "strategic" divorce?

Most couples who go through the marital dissolution process do so because their relationships are not working out as they had hoped. There are, however, more couples choosing to end their marriages for tax and other financial benefits. This is called a strategic divorce, and it is an option for Pennsylvania residents who believe it is best for their family's needs. Still, it is not something a couple should rush into without understanding the potential ramifications.

Pennsylvania probate: Do you need a pour-over will?

Having a will prepared, even a basic one, is better than having nothing. Having a trust created is better still, for Pennsylvania residents who want to make sure their assets are truly protected and passed on as intended. However, a trust is only useful if it is funded. In the event a person fails to fund his or her trust, fully or even partially, a pour-over will can ensure property ends up in the right hands. If this type of will ends up being utilized, probate will be required.

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