In Pennsylvania and throughout the country, it is possible to create a deed to a house and have it recorded at a later date. This may be a technique that is helpful for estate planning purposes. However, there could also be problems with this type of strategy. For instance, there is a chance that the deed is lost, misplaced or thrown away.
People in Pennsylvania who are creating an estate plan might want to donate a portion of the estate to charity. However, it is important that they do so in a way that is tax advantageous. Failing to do so is a common mistake.
Quite a few married couples in Pennsylvania end their marriages every year. Some are comfortable with the traditional divorce process, but others are looking for a different way to go about it. If you want to keep your divorce out of court and are willing to put in some work, a collaborative divorce might be the right fit for you.
An increasing number of people in Pennsylvania who decide to divorce are in their older years. While people often think of younger couples as more likely to split, the divorce rate continues to grow for people ages 50 and over across the United States. Divorce has become more common in general in recent decades, and family familiarity with divorce may encourage comfort with it in future generations. For example, the daughters of divorced parents are 60 percent more likely to separate themselves, and the sons of parents who split are 35 percent more likely to get divorced.
Couples who get divorced in Pennsylvania may struggle with finances after separation. According to a 2008 study conducted at the University of Essex, divorce may affect women's income more adversely than men's. The study found that women's income decreased by about a fifth after divorce while men's income increased by about a third.