Divorce is a significant life transition, but a collaborative approach can help Pennsylvania parents handle it with more respect and less conflict. In a collaborative divorce, the spouses and their professional team work together outside of court to resolve custody,...
Retirement accounts and pensions are often among the most valuable assets a couple owns. If you are going through a divorce in Pittsburgh or elsewhere in Pennsylvania, you may wonder whether these assets will be divided and how that process works. Understanding the...
The Internal Revenue Service (IRS) often conducts audits to verify that the information reported on tax returns is accurate and complies with federal tax laws. During the process, the agency may review your income, deductions, credits and other financial records to...
A divorce certainly can affect an inheritance that you have already received from your parents, as it may be one of the more substantial financial assets that you own. But exactly how it is addressed will depend on a number of factors. For one thing, your inheritance...
When you decide to divorce your spouse in Pennsylvania, you need to file a complaint with the court. Along with your complaint, you have to attach a Verification and a Notice to Defend and Claim Rights. This alerts the court to your intent to file for a divorce and...
Picture this: Your business partner of many years passes away unexpectedly. Within weeks, you're sitting across the table from their spouse, who now owns half your company and wants either a quick payout or a say in how things run. You never planned for this...
Families come in many forms, and blended families often bring unique dynamics that deserve careful consideration when putting an estate plan in place. When spouses have children from previous relationships, it’s crucial to ensure that family members are protected and...
Many families are surprised to learn that Pennsylvania does not impose a traditional estate tax. Instead, the state applies an inheritance tax that may affect certain assets transferred after a person's death. While the concept sounds simple, Pennsylvania estate tax...
If you own a family business and are planning a marriage or facing the possibility of divorce, you may be wondering whether a prenuptial agreement can keep the business out of the division process. It is a fair concern, especially when years of work are at stake. Can...
A power of attorney is a valuable estate planning document that can help you determine who will make important choices on your behalf. One example of this is using a medical power of attorney. If you cannot communicate with doctors due to a medical emergency, the...
