“Nothing is certain except death and taxes” is a well-known saying, and Pennsylvania and other states combine these certainties into one with what is known as “death taxes.” It is not an estate tax, but rather an inheritance tax that applies to...
Estate Planning And Administration
Can you be the legal guardian of someone over 18?
When a person turns eighteen in Pennsylvania, they become legally responsible for themselves. However, there are some situations in which a person isn't mentally, physically, or emotionally capable of this. In these situations, you may wish to become their legal...
Prepare for your annual estate plan review
You may be one of the many people in Pennsylvania who has taken it upon themselves to properly document their estate planning wishes. If so, you should feel very good about that. But, you should also ask yourself how long it has been since you have reviewed that plan....
Understanding the prudent investor rule
Greensburg residents spend much of their lifetimes accumulating assets for the benefit of their beneficiaries. Placing such assets into a trust can generate income for said beneficiaries on top of already established trust assets. One of the main ways to build such...
Estate planning and beneficiaries
With estate planning, there are a world of challenges that may arise and issues that you may need to consider. For example, you could be trying to decide whether a trust or a will is the right move, or you might be having a hard time naming an executor. However, it...
Daughter and trustees at odds over sale of million dollar home
One of the main purposes of estate planning is to help people avoid having disputes arise amongst those that they will one day leave behind in Greensburg. Yet simply because the process of how one's estate is to be handled is outlined does not necessarily mean that...
What happens to your estate if you die without a will?
It is a question that you have likely heard asked by estate planning experts in Greensburg multiple times: have you written a will? Why would such a document carry so much importance that you should consider creating one while your end still seems to be so far away?...
What is a guardianship?
While it is important to create a will, there are many other aspects of an estate plan in Pennsylvania that also need to be completed. One of those is establishing a guardianship. There are several alternatives to this legal process, but guardianships, or...
The importance of careful estate planning
If you do not have an estate plan, or are in the process of drafting a will or trust, it is essential to understand how vital it is to have a solid plan in place and carefully work through the process. At Schimizzi Law, we are very familiar with the benefits of...
Planning for your medical care
Deciding who should receive your possessions after you die is important, so considering your end of life options in Pennsylvania is a good idea. It may be even more critical to think about the health care decisions that may need to be made for you if there comes a...