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Now that you are a new parent, you probably have many people offering you advice. Family members and well-meaning friends may have strong opinions about car seats, feeding schedules, pediatricians and sleeping positions. Undoubtedly, there is some advice you...
Pennsylvania residents can think of a trust as a relationship between three entities. There's the donor, who puts the funds into the trust; the trustee, who looks after the assets in the trust; and the beneficiary, who benefits from the assets in the trust. With that...
Pennsylvania couples who are getting divorced sometimes overlook a key item on the separation to-do list: updating their estate plans. Spouses are often named as beneficiaries of life insurance policies and in wills. These documents should be updated to reflect that...
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...
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...
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...
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...
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...
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...
One of the most important parts of estate planning is choosing the right executor. This person will have the legal responsibility to manage the estate. Duties may include filing all necessary tax documents, consulting with attorneys, obtaining valuations for estate...