Legal Article Library | Pennsylvania Legal Information For Estate Planning, Elder Law, Asset Protection, Family Inheritance Disputes, Wills & More
Perhaps the best way to take control over your financial life is to know as much about your situation and Pennsylvania estate laws as possible.
To help inform our clients about some of the basics of estate planning, elder law, will & trust legal information, executor and trustee responsibilities, asset protection, and probate law, we have assembled a number of short, straightforward, and informational articles that explain some of the basic concepts and answer some common questions.
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Appointment of an Executor or Administrator of an Estate Special points of interest in this newsletter: - Choose experienced investment advisors and legal counsel to minimize the risk of personal liability - An Executor is named in Decedent's Will - An Administrator is appointed where there is no will or when the person or persons named in the will cannot act -
The Changing Landscape of Medicaid Planning The Deficit Reduction Act of 2005 brings changes in... - Gifting/asset transfer rules - Ineligibility period - Consideration of equity in primary residence - Rules relating to annuities - Refundable Entrance Fees will be considered a resource -
Protecting Your Childrens' Inheritance from Creditors Special Points of Interest in this Newsletter: - How can we protect our children's inheritance from their creditors? - Now parents can take advantage of estate planning opportunities to help secure the distribution of assets that they will make to their children. - Learn how to protect your children from personal injury creditors, professional liability and divorce. -
Drafting an Effective Power of Attorney In this newletter: - What is a power of attorney? - What are the dangers of failing to execute a power of attorney? - What specific clauses should be included in the power of attorney to make it effective for nursing home planning? -
Medicaid and Nursing Care Planning Gifting to the Irrevocable Trust Special Points of Interest in this Newsletter: - Asset Control - Income Retention and Capital Gains Issues - Children's Creditor's - Estate Planning -
Why You Need to Review Your Estate Plan Now In this newletter: - How your present wills and trusts may be structured now - Why you might modify them for Increased Flexibility - Why mandatory funding of trusts might still make sense for some clients - Why you need to review beneficiary designations and ownership of joint assets