Posted by Rob Levengood | Oct 08, 2021 |
In Pennsylvania, you might want to know how a loved one's estate is handled after they pass away. Unfortunately, if they lacked a will and didn't properly plan their estate, the estate will go through probate. You should know what happens during the probate process.
What is probate?
If a person...
Posted by Rob Levengood | Sep 28, 2021 |
According to the Pennsylvania Department of Health, nearly 30,000 Pennsylvanians got a divorce or annulment in 2020. Of those separations, many navigated the complexities of child custody arrangements. For some folks, the idea of splitting their children's time between two parents seemed untenabl...
Posted by Rob Levengood | Sep 13, 2021 |
Pennsylvania residents who are about to begin the divorce process might want to avoid a long, costly, emotionally draining battle with their ex-spouse. While some well-meaning friends might share their own negative experiences of the divorce process, there are ways to work towards a more amicable...
Posted by Rob Levengood | Sep 07, 2021 |
Many residents of Pennsylvania find it comforting to create a will. It assures them that their loved ones will receive what they wish them to inherit upon their death. If you have been named executor of someone's will, you will want to know your role.
What is the role of an executor?
A big part o...
Posted by Rob Levengood | Aug 30, 2021 |
There are several things that come with being the executor of an estate. It's crucial to select the most qualified person for the job when organizing your estate plan. If you are a Pennsylvania resident and are preparing your will, here are some important things to know about this issue.
What to ...
Posted by Rob Levengood | Aug 16, 2021 |
Throughout their lives, some people decide to go into business for themselves. However, this doesn't mean that everyone wants to open a company on their own. If you're thinking about partnering with someone to form a company in Pennsylvania, here are the pros and cons of entering into a business ...
Posted by Rob Levengood | Jul 29, 2021 |
Should you just leave the execution of your will to the Pennsylvania probate system? The court will inform your children who will get what. However, this could create a problem. Therefore, more and more adults are sharing their estate planning details with their children.
Divorce does more than j...
Posted by Rob Levengood | Jul 22, 2021 |
Some Pennsylvania families look for any way that they can to reduce their estate taxes. One way to do this is through an irrevocable life insurance trust. While most life insurance policies are not taxable, there are exceptions. These trusts protect large life insurance proceeds from tax obligati...
Posted by Rob Levengood | Jul 07, 2021 |
Any estate planning lawyer would advise you that you need to update your plan upon major life events. A Pennsylvania divorce is one of those events, and there are certain estate planning steps that you should take when your marriage is ending.
Update beneficiaries as necessary
One of the most imp...
Posted by Rob Levengood | Jun 29, 2021 |
Temporary child custody arrangements can become messy, complicated affairs with many details that need to be sorted. Every state, including Pennsylvania, has its own unique procedures for such an arrangement. You may want to consider hiring a legal professional to help you navigate this process a...
Posted by Rob Levengood | Jun 21, 2021 |
Pennsylvania has one of the lowest divorce rates in the country. That said, child custody issues are still common. One of the biggest issues facing parents after a divorce can be relocation. After a split, moving for a new job opportunity or to be closer to your parents as they age becomes more c...
Posted by Rob Levengood | Jun 07, 2021 |
LLCs and corporations are desirable business structures because they protect owners from personal liability. There are several key differences between the two that you should know before choosing a business structure in Pennsylvania.
Easier to form
The business formation process for an LLC differ...
Posted by Rob Levengood | May 20, 2021 |
Many Pennsylvania residents know the importance of estate planning. One way to plan your estate is through a revocable living trust, but you'll want to find out if this type of trust is right for your estate. Here are the pros and cons of revocable living trusts.
Pros of a revocable living trust
...
Posted by Rob Levengood | May 07, 2021 |
Pennsylvania adults are familiar with the fact of creating a will before they pass. However, not many people think about incapacity planning. While it's not a pleasant thought to think about what would happen if you lose your mental facilities, it's one you need to prepare for.
What is incapacity...
Posted by Rob Levengood | May 05, 2021 |
Trust funds are legal entities created to hold assets that will benefit specific people or organizations. People often establish trust funds for their children since the trust fund will keep the assets safe until the children can access the funds. If you live in Pennsylvania and want to know more...
Posted by Rob Levengood | Apr 21, 2021 |
Pennsylvania couples who are entering the divorce process have a lot on their minds. One thing you might not think about is the tax implications of your divorce decisions. Help ensure that you set yourself up for the best chance of avoiding excessive taxes by following the tips below.
Take a tax ...
Posted by Rob Levengood | Apr 13, 2021 |
When it comes to constructing a child custody arrangement, Pennsylvania residents need to think about the overall well-being of their children. One of the most commonly used types of physical custody is called a 50/50 custody arrangement. This has many benefits for both the parents and the childr...
Posted by Rob Levengood | Apr 07, 2021 |
The National Association of Women Business Owners asserts that there are more than 11.6 women in the US who own a business. These women generate $1.7 trillion each year and employ almost nine million people across the country. Many of these women business owners make just as much money or more th...
Posted by Rob Levengood | Mar 24, 2021 |
If you form a business partnership in Pennsylvania, you may be able to take your business much further than you would have if you worked alone. However, it's also important to make the limits of your partnership clear ahead of time. If you plan for potential legal disputes now, you could avoid a ...
Posted by Rob Levengood | Mar 16, 2021 |
By creating a will, you obtain greater control over what happens to assets held within your Pennsylvania estate. If you die before creating such a document, state law will determine who receives your car, funds in a bank account or other items that were titled solely in your name. If you have min...
Posted by Rob Levengood | Mar 11, 2021 |
Dividing retirement assets in a Pennsylvania divorce is complicated. These assets have an uncertain future value and occasionally an uncertain current value. Tax problems may happen if the money is taken out too early. But leaving the assets be may tie you to your ex-spouse for a long time. With ...
Posted by Rob Levengood | Feb 24, 2021 |
It may be possible to obtain a template will, trust or other estate planning document from a Pennsylvania library or government office. You may also be able to download these documents from a government website. However, it's generally in your best interest to have an attorney review these docume...
Posted by Rob Levengood | Jan 28, 2021 |
If you are divorced from your child's other parent in Pennsylvania, you may want to work out any conflicts that you have with that parent without going back to court. However, there are certain situations in which you may need to request a formal child custody modification.
Safety issues
Courts m...
Posted by Rob Levengood | Jan 12, 2021 |
In Pennsylvania and the rest of the country, there are laws for estate administration that control how people can gain ownership of properties. If you don't understand this process, the first step is to learn the role of an heir and a beneficiary.
Can someone interchange both terms?
An heir and a...
Posted by Rob Levengood | Jan 05, 2021 |
If someone names you the executor of their will in Pennsylvania, it's never too early to start preparing yourself for your duties. You'll be responsible for managing their entire estate, and it's much more complicated than digging up their will and handing it to an attorney. Here's some of the du...