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March 2018 Archives

OCSE beefs up child support collection procedures

The vast majority of child support payments in the United States are processed via payroll deductions. Pennsylvania parents receiving child support in this manner will be pleased to learn the federal agency in charge of regulating the process has announced improvements that should increase compliance and shorten the timeline for initial payment processing.

Reasons an estate plan may be incomplete

Pennsylvania residents and others who haven't updated their estate plans recently may find that they don't necessarily meet their needs anymore. For instance, a plan may be missing key documents such as an advanced medical directive and a financial power of attorney. That should be accompanied by a will in almost all cases. Failing to review an estate plan may result in outdated beneficiary designations.

Covering certain scenarios during child custody negotiations

If you are going through the end of a marriage, you may be facing a multitude of difficult decisions that could have a significant impact on your future. As a parent, one of your major areas of focus may pertain to protecting your child throughout the process and ensuring his or her needs are taken care of.

Errors in dividing retirement accounts can be costly

Pennsylvania couples who are getting a divorce might have a retirement account they need to divide. Distributions can be made from a retirement account during a divorce without incurring penalties for early withdrawals or taxes, but they must be done according to certain regulations.

Pitfalls to avoid when creating a living trust

Pennsylvania residents who are creating an estate plan might want to use a living trust to keep the estate plan more private and avoid probate. A living trust can be a powerful tool in an estate plan, but there are some common mistakes that can mean beneficiaries are unable to take advantage of its benefits.

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