Huckabee, Weiler, & Levengood, P.C.

Estate Administration and Planning Archives

What is a power of attorney?

You may have a situation where you or a loved one needs to create a power of attorney in Pennsylvania. In this situation, it is a good idea to understand exactly what this legal document is and what it can do. According to the National Caregivers Library, a power of attorney grants a person the right to make decisions for you. 

Does a tax return have to be filed for someone who dies?

You may think that once you die, all your earthly worries are over. However, the IRS cannot let you pass on without one more tax return. More specifically, the heirs in Pennsylvania are responsible for ensuring the final taxes of a deceased person are filed. While the person who has died will not face any issues if this is not done, his or her estate may be affected.

Can I use joint tenancy to pass my inheritance?

A common concern for many parents in Pennsylvania is that their children successfully inherit their assets. To this end, some residents of the Keystone State may decide to set up a joint tenancy account. While it is true that joint tenacy can pass a parent's assets to children, an article from Forbes explains that joint tenacy has some drawbacks that should be considered.

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