Every year, there is a bigger push to move away from paper documents and use electronic documents. While there is something to be said for keeping certain things on paper, such as wills, for example, people's need for convenience seems to be outweighing all the negatives that can come with the use of E-docs. When it comes to estate planning in particular, there is a want for electronic wills. They are not, however, available in Pennsylvania -- yet -- and for good reason.
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.
There is nothing easy about dealing with the death of a loved one, no matter the circumstances behind the loss of life. When, during probate and estate administration, concerns arise over the contents of that loved one's will, it is okay to ask questions. In some cases, it may even be okay to officially challenge the will in a Pennsylvania court. When might going that far be appropriate?
Most adults in the United States do not have estate plans; they assume any assets they have will pass on to their closest relatives with no issues. Those who do have plans in place may not be as protected as they think if they fail to update them when necessary. Whether one is going through the estate planning process or is tasked with the responsibility of closing out a loved one's estate in Pennsylvania, the one question just about everyone has is: Can probate be avoided?
Following the death of a friend or loved one, it can be difficult to manage funeral arrangements, let alone handle the closing of his or her estate. Closing out an estate in Pennsylvania can be made even more difficult if the decedent died without leaving a will behind. In such cases, probate court is generally necessary.
If you recently lost a loved one, you likely want to know how his or her estate will be closed out. In Pennsylvania, probate may be necessary -- it all depends on what type of assets the deceased owned and whether he or she had an estate plan. If probate is necessary, you probably want to know how long it will take to get through. The truth is every case is different, so there is no set time frame for how long it will take to finalize the probate process.
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.
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.