Estate planning often seems like a difficult thing to tackle at first. While it is often complex and takes time and effort to work through, many myths also exist which make it sound much worse than it actually is. Before tackling an estate plan, it can help greatly to...
A MULTIGENERATIONAL APPROACH TO
Protecting Freedoms And Futures
Year: 2022
How to avoid probate in Pennsylvania?
There are many documents you can include in an estate plan. If you want to ensure your family does not have to endure the lengthy and costly probate process, consider including these components. Bank account designations Pennsylvania allows you to designate a...
What makes a crime federal?
Federal laws apply to every person in every state of the country. These originate in the U.S. Senate, House of Representatives or a relevant agency in the President's cabinet and supersede state and local law. Learn about the difference between state and federal...
3 benefits to having a solid estate plan
Regardless of the assets or wealth in your estate, everyone can benefit from creating a solid estate plan. Estate planning gives you the opportunity to plan ahead for your family and reduce the number of decisions they need to make after you are gone. 1. Plan for your...
When should I update my estate plan?
If you have an existing estate plan in Pennsylvania, you know how important it is to have your affairs in order for your loved ones. Estate planning is a necessary and helpful tool to give both you and your loved one's peace of mind, but you should revisit your plan...
Top 3 white collar crimes
A person who commits a white-collar crime intends to scam, defraud or steal money or property. These are not normally violent crimes but can be extremely damaging to victims. Although movies and television often portray white-collar crime as glamourous, it is not. It...
What is the difference between tax evasion and tax avoidance?
Paying income taxes is the responsibility of all employees and businesses. However, according to the Internal Revenue Service (IRS), there were 593 people sentenced for tax evasion in 2020. While it is legal to lower your tax liability through tax avoidance, tax...
Can I protect my digital assets with an estate plan?
The first thing that comes to mind at the mention of estate planning is the idea of dividing money amongst your family members. In the modern-day, however, information holds just as much value as raw cash and real estate. During the estate planning process, you need...
Include these 3 components in a simple estate plan
You may know that you and your loved ones benefit in many ways when you have an estate plan in place. However, you may not have gotten around to creating one yet due to concerns about the potential time commitment or costs involved. Creating an effective Pennsylvania...