In estate planning, one aspect you may overlook is the impact of creditor claims. Understanding how to manage these claims could be crucial in preserving your legacy for your loved ones. Below are tips for handling creditor claims and their potential effects on your...
Month: July 2021
Can you change your spouse’s will or trust after death?
Losing a loved one is never easy, and dealing with their estate can add layers of complexity. Many wonder if they can change a will or trust after their loved one's passing. Understanding your options and the legal boundaries is crucial. So, is it possible to change a...
5 things you need to consider in a business succession plan
“Failing to plan is planning to fail,” thus goes the common saying. This is true in almost any endeavor but is especially true in business. That is why investors prepare feasibility studies and business leaders create business plans. Moreover, as with nearly all...
3 common pitfalls to avoid during probate
Probate can be a complex and emotionally challenging process. While going through this process, it is crucial to be aware of potential mistakes that could complicate matters. Below are three common mistakes people often make during probate and some suggestions for...
What are the common reasons to challenge a will?
When a loved one dies, their will becomes crucial for distributing their assets. However, there are instances where beneficiaries or heirs might challenge the validity of a will. Below are common scenarios that could lead to will contests. Grounds for challenging a...
What qualities should your executor possess?
When planning your estate, selecting an executor is a crucial decision. This person will manage your affairs after you pass, so it is essential to choose wisely. Essential qualities of an effective executor After you pass, your chosen executor will ensure the...
Can I get an executor outside the family?
Choosing an executor outside the family can be wise when no one within the family is reliable enough to handle the role and ensure impartial and professional management of your estate. It may be something you are considering doing as you come to terms with your estate...
What are the intestacy rules in Pennsylvania?
When someone passes away without a will, it can be a stressful and overwhelming experience for the loved ones left behind. They will be confused about what happens next. Who gets what? Who makes the decisions? In Pennsylvania, the laws of intestacy provide a framework...
Managing long-distance probate in Pennsylvania
Losing a loved one is difficult enough without the added stress of managing their estate from afar. If you are an out-of-state executor handling probate in Pennsylvania, you are not alone. This guide offers practical steps to navigate the process effectively, ensuring...
3 common reasons why probate becomes complicated
Probate simplifies how estates are handled after someone dies. However, it is not uncommon for various factors to complicate the process, making it more challenging and emotionally taxing for everyone involved. Here are several key factors that often complicate the...