Wyomissing, Pennsylvania Family Law and Estate Planning Blog
A billionaire moves his money before a divorce
A Pennsylvania divorce will involve a division of the marital estate to give each spouse their share that has either been agreed upon or ordered by the court. However, when one spouse under-reports property by decreasing the valuation or even moving it out of the...
How to keep and pay for a home after divorce
Pennsylvania is an equitable distribution state, meaning that marital property acquired during marriage gets divided “fairly” by a judge if the parties cannot come to an agreement. Of course, some assets are easier to divide than others. A marital home can be among...
An alternative co-parenting custody schedule
Estranged Pennsylvania parents usually pursue a 50/50 equal division of physical child custody. After a divorce, this may take the form of the every-other-week schedule. Children live with one parent for a week and then switch to the other parental household the next...
Powers of attorney may provide important protection
When people in Pennsylvania develop an estate plan, they may think first of a will to distribute their assets after they pass away. However, there are other important documents that can work as part of a comprehensive plan that can also protect people's interests in...
Types of power granted by POAs
While it's not a pleasant thought, Pennsylvanians should take the time to plan for the possibility that they might become incapacitated and need someone else to make decisions for them. Many people are seriously injured in accidents, and others are disabled by...
The tax benefits of qualified tuition plans
Individuals in Pennsylvania and around the country who are concerned about estate taxes frequently place their assets into irrevocable trusts. However, this strategy has a number of drawbacks. Once an irrevocable trust is in place, the assets placed into it are beyond...
Advice for those considering powers of attorney
Pennsylvania residents who are 18 or older are encouraged to create a power of attorney document. This document authorizes another party to manage an individual's affairs, and it typically goes into effect when a person becomes incapacitated. However, it can take...
Why an estate plan may need both a will and a trust
Some Pennsylvania residents may assume that trusts are only necessary for the very wealthy. However, many estate owners can benefit from a trust. In fact, some may want to use a will just to appoint an executor and a guardian for minor children. Certain assets, such...
When older couples divorce
Once couples are through the intense early years of raising young children, caring for a busy household and working a demanding career, it's commonly thought that the likelihood of divorce has passed. They've made it through the hard parts and can now enjoy the fruits...
How to protect assets and avoid probate and estate tax
Pennsylvanians who have large estates can take steps to protect their assets and the beneficiaries who will inherit them. Good estate planning might help to protect assets from judgment creditors and division in divorce. It might also help families to preserve their...
