Wyomissing, Pennsylvania Family Law and Estate Planning Blog
Components of estate planning
Many individuals in Pennsylvania understand the importance of estate planning. Simply put, estate planning is the process of deciding how your assets will be distributed if you're unable to manage them yourself and who will receive your assets upon your death. Estate...
Most Americans lack an estate plan
Recently, Hollywood star Chadwick Boseman passed away from cancer. It was shocking to everyone in Pennsylvania and elsewhere that he died so young. Like many Americans, Boseman had no will. Without documents outlining his wishes about his estate, his widow has had to...
How divorce can affect a business
Divorces are very common in Pennsylvania and around the country. Nationally, about 50% of marriages end in divorce. While most people understand the broad contours of that process, there are some nuances that can complicate it. For example, anyone who owns a business...
Why you should avoid signing multiple copies of your will
It may be possible to sign more than one copy of your will without running afoul of Pennsylvania law. However, it may not necessarily be in your best interest to do so. Let's take a look at a few of the issues that may arise if you sign multiple copies of your last...
Why couples in Pennsylvania may want a prenup
While many couples view prenuptial agreements as "pessimistic," signing one could be a wise decision that protects an individual's assets in the case of a divorce. Without a prenup, their assets might be seized and divided up against their wishes. Here's how signing a...
How an executor’s death affects estate management
Everyone in Pennsylvania should understand why estate planning is important. It's not a task that should be reserved for the rich; all adults should have a basic estate plan in place even if they don't own many assets. That's especially true for people who have...
How to approach money issues in a blended family
It is generally a good idea to have a money talk with your future spouse before your Pennsylvania wedding takes place. This is especially true if you or your spouse have been married before or have children from previous relationships. Provide as much detail as...
Petitioning to remove an executor in Pennsylvania
When Pennsylvania residents prepare their wills, they normally designate trusted individuals to serve as the executors of their estates. Executors have several important fiduciary duties and must act in the best interests of the' heirs. Unfortunately, some executors...
What business owners should do when accused of fraud in Oklahoma
A former painkiller addict who launched a drug rehabilitation treatment center in Pennsylvania has been arrested and sentenced to three years in prison. He must also pay $9 million to compensate for the money that was stolen through fraud. After pleading guilty to...
What are the different types of estate planning?
While most people living in Pennsylvania think of estate planning as something that should be done in their 60s, many young adults in their 20s and 30s can benefit from having a solid estate plan. In the unlikely event that something catastrophic happens, an estate...
