The death of someone you love hits hard. Trying to muddle through their estate and your responsibilities may add to an already taxing task. It may help to have an idea of what you will face in the aftermath of a loved one's death. Having an idea of the factors you may...
Wills
What qualities should you look for in an executor?
As you get further into the process of estate planning, you may begin to have questions about what kind of person you want to be an executor for your will. Since this person is responsible for fulfilling your final wishes and completing legal processes, you should...
Petitioning to remove an executor in Pennsylvania
The death of your loved one is a time of extreme grief and stress and the last thing you want to see is a will or estate go mismanaged because of a poor pick in an executor. When you see it happening, you may feel helpless since they have court-granted letters of...
What may I do to help my will get through probate quicker?
As described on the State General Assembly website, Pennsylvania has procedures to prove an individual’s will is valid. You may take steps that could make the process of validating a will, referred to as probate, a less complicated procedure. A smoother passage of...
Can a child born out of wedlock inherit from a father’s estate?
If your parents were never together in a marriage, then you may wonder if you have any claim to your father's estate when he dies. You may especially worry if you did not have a close relationship with your father or if your father had a spouse and other children....
Should a small business owner have a succession plan?
Business owners work hard to get where they are. Every ounce of success is hard-earned, often through many trials and tribulations. It makes sense, then, that many business owners also want to preserve their legacy and help support their loved ones by passing down an...
Estate plans should include a guardian for children
If something happens to both you and your spouse, someone else will need to raise your children. While you know that your children need a guardian, you may have trouble deciding who this person should be. The Pennsylvania Legislature says that you can name someone to...
Businesses may suffer without succession preparations or plan
Without a succession plan, Pennsylvania business owners experiencing an emergency may end up selling their enterprise much sooner than expected. An online Ipsos survey of business owners discovered about 66% of them accelerated an exit or retired early during 2020. As...
What is undue influence?
As a person ages, they generally grow more vulnerable as well. Mental faculties begin to weaken alongside physical stature, resulting in a person who looks like the prime target for manipulators. This is often what happens in cases that involve undue influence. It is...
Are you legally responsible for a deceased parent’s debts?
Losing a parent is hard enough, but you may feel even more stressed if you also have to figure out how to tie up the financial loose ends he or she might have left behind. If your mother or father left debt behind and did not have enough assets to cover it, you may...