Across Pennsylvania, there are thousands of properties that have a ‘tangled title’ where the person living in the home does not actually own the home. It’s a pervasive problem, particularly in urban areas. The sooner it is identified and fixed, the better. When there is tangled title, mortgages can’t be refinanced. Repair grants,...
Category: Asset Protection
A Few Words from Jeremy
Every year, I attend the annual Pennsylvania Elder Law Institute for two days in Harrisburg. It's just one of the many ways I keep up to date on the current laws, policies and...
Protect Your Assets
Top 5 Reasons to Consider an IRA Trust
Top 5 Reasons To Consider a Trust For Your IRA
Why worry about putting your IRA into a trust? More and more families are putting in place a Retirement Asset Protection Trust today, and we give you a few reasons why here.
5 – IRA’s are Valuable: Your IRA’s may be...
50/50
As an estate planning attorney, I hear about some of the craziest, outrageous estate planning matters gone awry. But those types of cases are outliers, and although they’re interesting, they’re uncommon. It’s the typical case gone wrong that really causes problems for more families.
For instance, in one relatively straightforward...
Beware of Using Joint Accounts With Children
Joint Accounts with Children: Convenient, But Dangerous
By Jeremy A. Wechsler, Esq.
Your Estate Planning & Asset Protection Attorney
Many people believe that joint accounts are a good way to avoid probate and transfer money to loved ones, particularly for single or widowed clients. But while joint accounts can be...
Three BIG Estate Planning Mistakes
Sure, there are more than three common estate planning mistakes. But we thought we'd highlight three of them in this week's blog. 1.Your plan does not match your needs: Why do we see clients with relatively simple needs come to us with large revocable living trusts? Or clients with...
Inheritance & Divorce: Avoiding the Unthinkable
Leaving an inheritance to a child, grandchild or a loved one is a gracious gift and is part of leaving a legacy in which you can be proud. But what if, after your loved one receives their inheritance, they get divorced?
In many Last Will & Testaments, testators will leave their assets outright to...
Asset Protection For Your Heirs
The question is, when you engage in estate planning, are you thinking carefully enough about protecting the inheritance you'll be leaving to your heirs?
If you leave your assets outright in a will to a beneficiary, the asset is owned by the beneficiary upon death. That means that the beneficiary can spend...