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Estate Planning And Administration

What are the estate taxes in Pennsylvania?

“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…

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 guardian instead. Schimizzi Law, LLC, can help you learn the ins and outs of petitioning for guardianship so that you…

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 income is through investments. While this can pay off in a big way, it opens the door for…

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 can also be tricky for some people to decide…