Once the holiday season ends, many individuals begin looking ahead to the April 1 tax deadline. January is a great time to review your documents and make adjustments that could help you save. Get ready to file your 2019 tax return with these smart planning strategies....
Year: 2019
Can life insurance benefit your estate plan?
A life insurance policy may seem like it is already part of your estate plan. After all, when you die, your loved ones will get the benefits from the policy. However, this type of insurance can help in more ways than just as a benefit your loved ones get when you die....
Can my heirs contest an irrevocable trust?
If you worry about a family member causing issues with your estate after your death, then you may take steps when creating your estate plan to avoid such problems. Trusts are usually an excellent way to avoid any upheaval and allow for the peaceful passing of assets...
Reasons to consider a collaborative divorce
You and your spouse may be more than ready to end your Pennsylvania marriage after all the months of conflict. But, the thought of a long, drawn-out courtroom battle may have you feeling exhausted and discouraged before you even begin the paperwork. High-conflict...
Kids may suffer most in a high-conflict divorce
Pennsylvania legislators are paying attention to the problem of parental alienation. In some high-conflict divorces and after an award of sole custody, a parent may attempt to turn a child against his or her ex-spouse. The potentially debilitating developmental...
How is collaborative divorce better for the children?
There are many reasons why you might want to consider a collaborative divorce in Pennsylvania. The best reason, though, might be because it is better for your children. It is common knowledge that divorce is tough on kids. They are in the middle of things. It is a...
What are some mistakes to avoid with my new business?
There are, unfortunately, many ways to go wrong with a new business in Pennsylvania. Anything you can do or learn about how to make your business a success, especially within the first few years, can be incredibly beneficial. One of the best ways to help ensure your...
What should I know about taxes on a settlement?
Winning a court case and getting a settlement in Pennsylvania is a victory, but you may want to wait before celebrating. The reality is that this money may not all be yours to do with as you please. You may owe the government a nice chunk in taxes. There are specific...
Estate planning helps to distribute property as intended
Residents of Pennsylvania have the right to bequeath their property, assets and personal belongings to whomever they choose. When someone does not provide instructions through a will or trust, however, and he or she dies intestate, the Keystone State may distribute...
Do I need an estate plan?
Regardless of your age or financial status, you have probably heard others talk about an estate plan. The term may seem out of your league, but all it really means is planning for what happens after you die or if you should become incapacitated. For that reason, an...