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. As an example, a person might have three...
Year: 2018
Is a collaborative divorce right for us?
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...
The growing rate of “gray divorce”
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...
Financial factors to consider during divorce
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...
Aretha Franklin died without an estate plan
Pennsylvania residents have likely heard that Aretha Franklin recently passed away after a battle with pancreatic cancer. While her estate was worth an estimated $80 million at the time of her death, the music legend never created a will. An adviser for the singer...
How child support orders are established
When parents in Pennsylvania decide to separate, there may be confusion as to how the child support system works. Noncustodial parents have a responsibility to provide financially for their children, and the support system functions to make that a reality. August...
Estate planning on a micro level
In addition to addressing inheritance issues, an estate plan can also be used to plan for the possibility of becoming incapacitated and to appoint a guardian for minor children. However, Pennsylvania parents may also want to think about making plans for the immediate...
Your children may need care before a guardian takes over
As a parent, you may have painstakingly considered many aspects of your children's lives and futures. While you certainly hope to be there for them every step of the way, you likely also understood from your first child's birth that a sudden accident could easily...
Student loan stress can play role in divorce
While a growing national conversation has pointed to the damage that massive student loans have done to millennials' financial well-being and future, that student loan debt could also pose a risk to their marriages. Student loan debt is a significant financial issue...
Divorced parents should agree on a co-parenting plan
The trauma of divorce doesn't always end when the final documents are signed. For warring Pennsylvania couples with children, the trauma is likely to continue unless they can agree on a suitable co-parenting arrangement. No matter what happens, the parents should...