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...
Collaborative divorce is a distinct process from a litigated divorce. Spouses sign a binding agreement committing to settle all of their disputes outside of court. In many cases, those preparing for a collaborative divorce choose to attend alternative dispute...
Estate planning isn’t just about distributing assets to loved ones or deciding who inherits what. You also need to think about how those decisions will play out in real life. This means factoring in your family’s unique dynamics to help ensure that your plan reflects...
Life rarely stays the same for long. Major life events can reshape many parts of your financial life. These milestones may also influence how you plan for taxes. In Pennsylvania, changes in income or family structure can shift tax obligations. Reviewing your tax...
