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Estate planning might not be the most exciting topic, but to ensure your wishes get carried out and your loved ones receive the care you plan after you are gone, you need one. One common mistake people make is creating an estate plan and then forgetting about it....
A well-structured estate plan is important for individuals and families looking to secure their financial future and provide for their loved ones in the event of their passing. Understanding key elements can provide clarity and direction when establishing your estate...
“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 specific property of residents of the Keystone State. According to FindLaw, the tax also applies to residents of…
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 guardian instead. Schimizzi Law, LLC, can help you learn the ins and outs of petitioning for guardianship so that you…
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. That’s right – making an estate plan is only one part…
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 income is through investments. While this can pay off in a big way, it opens the door for…
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 can also be tricky for some people to decide…
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 problems will not arise in its management. Those empowered to handle the affairs…
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? The truth is that you do not know when you will die,…
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 conservatorships, have unique benefits that may fit your needs. According to Guardianship.org, the person you name…