Pennsylvania parents may plan on leaving money to their adult children. However, many of them may not choose to talk to their children about their inheritance. Having this conversation may enlighten a beneficiary as to where to look for the money that is being left behind and how to make the best use of it from a tax perspective.
For Pennsylvania couples, the end of a marriage carries with it an array of emotional, practical and financial concerns. If children are involved or a partnership has been long-lasting, it can be exceptionally difficult to disentangle all of the accumulated history of a marriage. However, these complexities can be exacerbated when dealing with a marriage with a high level of assets, including businesses, investments or extensive real estate holdings. High asset divorces can mean complex financial disputes and concerns.
People in Pennsylvania who are divorcing do not necessarily have to go through litigation. Most divorces can be settled through negotiation. However, there are some ways a soon-to-be ex can prepare to make sure the process goes as smoothly as possible.
Many Pennsylvania residents have varying views when it comes to getting older. Some may feel that reaching their golden years will act as a time of enjoyment and relaxation, and other people may believe that reaching their elderly years will rob them of their abilities. No matter which category you may fall into, planning for the latter scenario may work in your best interests.
Driverless or autonomous vehicles could impact many aspects of society, from commercial development to divorce. As cars requiring little or no human intervention become more prevalent in Pennsylvania and across the country, it's predicted that the demand for parking space may decline by as much as 90 percent. One of the less obvious ways that AVs may impact daily life is divorce proceedings, especially contentious ones.
Pennsylvania couples who think filing for divorce at the beginning of a new year are not alone. According to statistics, this is one of the periods in which filings increase sharply. Some estimates show that 20 percent of married couples consider getting a divorce after the holidays. There are some things these couples can do to get prepared.