You love your family and want to know that your estate plan, as well as theirs, are all working to benefit the people around you. Good discussions about estate planning help everyone stay informed and get on the same page when someone passes away. Here are three...
Do you need an estate plan if your income is low?
Traditionally, estate planning was viewed as something that only applied to wealthy individuals. However, there is a lot more to estate planning than money. With the appropriate documents, you can set in motion provisions that ensure your family is protected and your...
What happens to your children if both parents pass away without a will?
Estate planning doesn't just protect you. It also allows you to protect those who depend on you for basic needs. It may seem incredibly unlikely that you and your spouse would both die and leave your children without parents. While it is rare, this exact situation...
Can anyone challenge a will?
In theory, when someone passes away, their will offer some direction to their heirs as they go through the probate process. It can tell them what the deceased person would have wanted, how the assets are to be split up and things of this nature. When someone doesn't...
Disregard these myths about probate in Pennsylvania
The term probate seems to strike a note of dread in most people. They view it as some horrific event that they must endure before receiving the inheritance a loved one left behind. The probate procedure is a complicated process, but it is generally unworthy of its...
Estate planning helps your loved ones both now and in the future
The estate planning process can be challenging, particularly in terms of emotional investment. Often, people may find it difficult to think about organizing events around their death. However, there are many benefits to having a solid estate plan in place. Estate...
What does executing an estate involve?
If a family member dies with an estate plan in place, it typically names who will execute the estate. You might be worried about what power this person has and if they can use their position to steal your inheritance from you. Do not worry too much. The law limits...
3 times your family members could challenge your last will
Some people die without a last will or estate plan, leading the Pennsylvania probate courts to divide up their property. However, sometimes even those who have planned their estates will have their assets go through probate after they die. If someone in your family...
Do you need to leave an heir $1 to prevent them from contesting the will?
Disinheriting an heir is the act of leaving them nothing in your estate plan. However, some people opt to leave that heir a single dollar. They may even think that they need to do this. The trouble is that a disinherited heir who is simply not mentioned in the will...
Which factors may slow down the probate process?
How the probate process unfolds may vary depending on the jurisdiction, but there’s one thing for sure: It won’t be fast. Understanding what factors can affect how long the process takes can help you better prepare (and avoid some unnecessary delays). Factors that...
