Probate is a legal process that happens when a person dies, and it can feel quite overwhelming for those left behind. Common issues usually involve the validation and distribution of a dead individual's assets. There are compelling reasons to consider avoiding probate...
Month: January 2023
Can you be an estate executor in Pennsylvania from across the country?
When a loved one passes away, one question that often arises is whether you can serve as an estate executor from a different state. The answer to this question depends on various factors and considerations. Pennsylvania law does not require executors to be residents...
How to keep assets safe when planning long-term care
Long-term care planning is an important aspect of securing your financial future, especially as you age. Ensuring that you protect your assets requires strategic thinking and proactive measures. Leverage insurance options Investing in long-term care insurance is a...
What happens to credit card debt during estate administration?
During the estate administration process in Pennsylvania, the handling of credit card debt requires careful consideration. When someone dies, the executor of the estate is responsible for notifying creditors. Creditors have a specified period to come forward and...
Strategies to avoid probate in Pennsylvania
Navigating the intricacies of the probate process can be time-consuming and costly. Some people prefer to plan their estate in a way that helps them avoid probate. Consider implementing strategies in your estate planning process to help your heirs and beneficiaries...
6 things to do if a will seems altered before a parent’s death
It is unsettling to suspect that someone convinced a deceased parent to change a will before passing away. Unfortunately, the World Health Organization reports that 6.8% of elderly people living in the community and 13.8% in institutions experience financial abuse. In...
4 common mistakes people make during probate
Probate, the legal process of administering an individual's estate after their death, is a daunting and complex journey. Many individuals, however, make mistakes that can complicate matters further. There are four common missteps that people often make during probate....
How can you locate and manage assets as an executor?
Executors of estates assume an important role in ensuring the orderly distribution of assets. Their responsibilities include initiating probate proceedings, settling debts and liabilities and creating a comprehensive inventory of the deceased's assets. Navigating the...
What happens if your loved one dies without a will
Losing a loved one is an emotionally taxing ordeal, and it becomes increasingly complex if they die without a will. Unfortunately, it is common for people to not have a will when they pass away, as CNBC reported that over 66% of Americans do not have a will. If...
What are some scams that people may see during estate planning?
Estate planning does not commonly bring up thoughts of annoyance and stress for most people. However, you may sometimes encounter scams that jeopardize your financial and mental well-being while writing these documents. Learning about this can help you shed light on...