In Pennsylvania, when putting your home on the market, you can maximize the selling price by presenting your home in a manner that appeals to potential buyers. While navigating the process, taking specific steps can attract more interest in your property, which also...
When can a beneficiary sue a trustee?
When a Pennsylvania resident creates a trust, the party they choose to manage and distribute the trust assets has a great deal of responsibility. Trustees are fiduciaries because they are legally responsible for managing other people’s money. This means that they are...
Impacts of divorce on beneficiaries in Pennsylvania
Estate planning is a difficult process that many Pennsylvania residents might not want to revisit. However, the decision to not revisit your estate plan or make updates can cause headaches for your remaining family members after you pass away. How divorce can impact...
Who is next of kin in Pennsylvania?
Next of kin in Pennsylvania is your spouse, child or closest living relative. If you die without leaving behind a will, then Pennsylvania follows next of kin laws to distribute your estate. Surviving spouse If the decedent has a surviving spouse and no living parents...
What does an estate executor do?
Perhaps the most important duty an executor has is to inventory and protect the assets a person owned upon his or her death. This helps to ensure that beneficiaries get what was promised to them in the testator's will. If there is no will, an accurate inventory can...
What does an executor do during probate?
Opening an estate in a Pennsylvania probate court might be necessary when someone passes away. Even if the person had few assets, probate could provide legal personal representation powers in estate matters. That representative becomes known as the executor of the...
Estate planning basics in Pennsylvania
Estate planning in Pennsylvania can be a bit more complicated than in other parts of the country due to the state's inheritance tax. Pennsylvania is also stricter than other states when it comes to what is considered a valid will. If you live in Pennsylvania, it is...
Tips on negotiating the purchase price on a house
It’s a dream for many residents of Pennsylvania to own a home. If you are looking to buy a house, it can be exciting and overwhelming in a good way. However, it also takes a lot of money when you’re in the market for a home. Knowing how to effectively negotiate the...
Naming a minor as a beneficiary
When it comes to estate planning, a big consideration is usually taking care of the next generations. People want to ensure that their children and grandchildren are provided for. Because of that, people sometimes name a minor child as a beneficiary of a will,...
Facts to understand about contesting a will
Some Pennsylvania residents may believe that a loved one's will is invalid or was made inappropriately. When this happens, a person can challenge the validity of the will, which will affect the probate process. However, there are only specific people who are allowed...