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...
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How to choose a trustee or executor for an estate plan
One estate planning task that some people in Pennsylvania may struggle with is choosing the right executor or trustee. There are a number of factors that should be taken into account, including the age and health of the individual. Ideally, an executor or trustee...
What business partnership is right for you?
Starting your own business can be an exciting new adventure. When you sign on with a partner, however, it’s important to have a partnership agreement in place to protect yourself and your business. But how do you know which one is right for you? Three main...
Avoid these common estate executor mistakes
Having someone name you as the executor of their estate is an important responsibility. This can be a difficult time, however. If you are still mourning the loss of a loved one, you might not be in the right frame of mind. This could cause you to make mistakes you...
How should I pay taxes with my LLC?
As you set up your new business, you will start making multiple decisions about how to run it. As the owner of the business, you will plan the budget, decide on which expenses are necessary, determine the location of the business and much more. But one important...
Should I set up my business as an LLC?
When you decide to launch your own small business, you have a lot of decisions to make. One of the most important, which sometimes is complicated to understand, is considering the legal ramifications of business ownership. If you’ve done even a little research...
Avoid these costly estate planning mistakes
On the road of good intentions, estate planners and holders have made mistakes. Unfortunately, many mistakes can be difficult and expensive to resolve. Therefore, an estate holder or testator needs to be diligent, thorough and methodical to avoid these mistakes.A...
What does it mean to be a fiduciary?
When making a will, creating a trust or sometimes simply investing your money, you may come across someone using the term “fiduciary.” What does it mean?A fiduciary is an entity – a bank, attorney, title firm, stock broker, financial advisor or...
January bring on divorce season
Marriage can be hard and as we know, not all of them work out. And throughout the year, marriages end for many reasons. According to the American Psychological Association, the divorce rate in the United States is anywhere from 40 to 50 percent.While divorce filings...
Mistakes executors make
Being asked to be the executor of a will is an honor–someone believes that you are trustworthy, responsible and competent. However, since the job comes with many important legal responsibilities, it can also be a challenge. To complicate things, an executor is...