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: Legacy Planning
Thoughts On Estate Planning
Plan Now, Not Later: The COVID crisis has only exacerbated a recurring problem we see at the law firm--folks waiting until it's too late to plan. I always emphasize the fact that you should be in control of your estate plan. It's not ideal if your adult child is attempting to be...
Common Excuses for Estate Planning Procrastination
Procrastination with estate planning is common, but nonetheless unfortunate. Without a proper estate plan, you risk family conflict, placing a burden on loved ones during a difficult time, and ultimately leaving less money for the people you want to provide for. Having an estate plan is like having an insurance policy—you hope you...
Five Things To Know About Legacy Planning
We did a lunch & learn last week on IRA Trusts, something you newsletter readers have read about, courtesy of me, all too often. IRAs are potentially great assets to pass on, but only if structured properly. Unfortunately, there are many pitfalls with IRAs and inheritances.
One issue that comes up a...
Does A Medicaid Trust Make Sense?
Prepare for the SECURE Act
Five Estate Planning Myths
There are many misconceptions about estate planning, and any one of them can result in costly mistakes. Understanding who needs an estate plan and what it should cover is key to creating a tailored plan that is perfect for you and your family.
If you read our newsletter, you know it is not the first...
The Essential Estate Plan
The State of Estate Planning
This year, estate planners around the country are dealing with the new SECURE Act that Congress passed and the President signed into law late last year. The SECURE Act went into effect on January 1 and makes several changes to retirement plans.
For clients hoping their children or loved ones would be able to “stretch”...
Fall Estate Plan Check-Up
Fall Estate Plan Check-Up
As we rapidly enter the Fall season, I thought it would be a good time to check back in and discuss a few estate planning concepts.
With the election season upon us, there is continued talk of what tax laws may change, and how that may affect estate planning. As...