Evey Black Attorneys LLC
Hollidaysburg:
814-317-6914
Roaring Spring:
814-317-6254

June 2018 Archives

The importance of reviewing beneficiary designations

When a Pennsylvania resident gets divorced, they should consider changing the beneficiary on their life insurance policy. If an ex-spouse is still listed as the beneficiary, they may be entitled to any death benefit associated with that policy. However, this may not be the case if a divorce decree contains language saying that the beneficiary designation is withdrawn as part of the settlement.

Most child support is collected through payroll deductions

Most noncustodial parents in Pennsylvania and around the country have their child support payments deducted electronically from their paychecks. Payroll deductions accounted for $24.4 billion of the $32.4 billion in child support collected in 2017 according to the Office of Child Support Enforcement. The federal agency oversees child support collection in the United States and coordinates with local, state and tribal authorities to encourage responsible parenting and ensure that the financial needs of children are met.

Taking steps to end your marriage

Whether it is something you have considered for a long time or you are facing a traumatic event in your marriage, the decision to divorce is seldom an easy one to make. If you and your spouse have children, you may be especially troubled about the difficulties in your marriage and the possibility that those troubles could bring your union to an end.

Protecting the future with estate planning documents

A survey conducted by Wells Fargo found that many Americans do not have critical estate planning documents put in place. In fact, the data shows that as many as 40 percent of older people in Pennsylvania may not have the documents they need to protect themselves and loved ones in case of incapacity or death. An estate plan can work to protect one's wishes for health care and provide protection from financial abuse and exploitation.

Passing on valuable collectibles in your estate plan

Traditionally families build net worth through the accumulation of currency and property, but many individuals, whether they're aware of it or not, also own rare collectibles that can be worth a lot of money. Passing on these items to heirs doesn't cross the mind of many collectors, but accounting for these valuables in an estate plan is important. Deciding how to distribute collectibles will likely prevent disputes in the family later.

Transfer of assets for divorcing couples produces tax savings

Couples considering divorcing in 2018 may want to get an agreement in place before the new year. The Tax Cuts and Jobs Act will eliminate deductions for those responsible for paying alimony for a high asset divorce. The changes affect family law matters for divorce in Pennsylvania.

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Evey Black Attorneys LLC
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Hollidaysburg Office
401 Allegheny Street
P.O. Box 415
Hollidaysburg, PA 16648

Phone: 814-317-6914
Fax: (814) 695-1750
Hollidaysburg Law Office Map

Roaring Spring Office
902 E. Main Street
P.O. Box 5
Roaring Spring, PA 16673

Phone: 814-317-6254
Fax: 814-224-5163
Roaring Spring Law Office Map

Roaring Spring Office Map