When a loved one passes away, inheriting the estate’s property in Pennsylvania often brings both opportunities and challenges for the surviving heirs. The probate process alone can last between nine months and several years. While receiving real estate, investments, or other assets can provide financial security, the process is governed by specific laws and tax … Read more
In the United States, 12 states and the District of Columbia charge an estate tax. Six states, including Pennsylvania, charge an inheritance tax. When a loved one passes away in Pennsylvania, beneficiaries will face the state’s inheritance tax. This inheritance tax applies to nearly all estates, regardless of size. With thoughtful planning and the help … Read more
When planning out how to pass on your assets to heirs, it pays to consider Pennsylvania’s estate tax and inheritance tax. While many people ask about whether Pennsylvania has estate taxes, the answer may be a little confusing. Pennsylvania doesn’t have anything that is called an estate tax, but it does have an inheritance tax. … Read more
After a loved one passes, the entire estate has to go through the probate process. As a part of settling the estate, you must pay Pennsylvania’s inheritance tax. Unlike most states, Pennsylvania still imposes this tax, and it applies to nearly all estates. Whether you have a small or large estate, you’ll end up paying … Read more
Losing a loved one is never easy, and the process of settling their estate can feel overwhelming. In Pennsylvania, families must also navigate the Pennsylvania inheritance tax. This unique tax applies to most property passed down from a loved one at death. Unlike many states, Pennsylvania still enforces this tax. Due to the estate tax … Read more
As a part of your estate planning in PA, you may decide to set up a revocable or irrevocable trust. To do so, you’ll need to name a trustee. The trustee will be responsible for managing the trust, reporting to beneficiaries, and fulfilling certain legal obligations. The trustee’s job is so integral to the functioning … Read more
A trustee has a fiduciary duty to act in the best interests of the trust’s beneficiaries. This duty is codified into law because of how important it is. When you designate a trustee for your family trust, you need to understand the obligations and expectations involved. The trustee must be someone who is honest and … Read more
Family court requires a certain level of professionalism and punctuality. If you miss any of your court dates, it can lead to serious repercussions. A missed court date can affect the outcome of your case, jeopardize your rights to see your child, and lead to financial consequences. The best option is to reschedule your court … Read more
When you’re co-parenting or going through a divorce, you can’t afford for the other party to renege on their part of the deal. If this happens, an experienced divorce attorney can help you enforce the conditions of your family court order in PA. To learn more about what to expect, read on. The Process Involved … Read more
With a potentially costly divorce ahead of you, the last thing you want is another expense. However, choosing not to hire a family court lawyer can end up costing you in Pennsylvania. The legal code is complex, so it pays to have a skilled family law attorney on your side. Are Lawyers Required in PA … Read more
