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August 2014 Archives

The consequence of poor estate planning in Pennsylvania

According to UBS Wealth Management Americas, roughly $40 trillion is expected to be transferred to heirs by 2050. However, only have of people surveyed in a recent study say that they have discussed inheritance plans with their children. For the other half who have not yet discussed future plans with their children, there may be multiple reasons for this.

The benefits of a revocable trust

Many Pennsylvania fans of the late Robin Williams may have heard that the actor had set up a solid estate plan for his family. By creating a revocable trust, Williams ensured that the details of his estate would remain private and avoided using a will that would get tied up in California probate court.

Determining whether a living trust is right for a person's estate

Pennsylvania residents may be interested in a recent piece discussing some of the reasons why they may want to consider adding a living trust to their comprehensive estate plan. This type of trust has several advantages and drawbacks that should be considered.

When to use a revocable trust in Pennsylvania

There are many estate planning options for those who want to protect both their privacy and their assets after passing on. Creating a revocable living trust provides the protection of a trust with the flexibility of a will. The revocable trust can be changed at any time and provides the peace of mind of knowing that a public probate session is not needed.

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