Caring for a loved one with special needs requires thoughtful planning and hard work, especially when it comes to ensuring their long-term financial stability and well-being. Pennsylvania families have the option of creating a special needs trust to protect and...
Ensuring your will is valid is critical for the court and your loved ones to respect your final wishes after you pass away. Every state has laws regarding the validity of wills, and Pennsylvania is no exception. To ensure your will is valid in Pennsylvania, keep the...
A power of attorney is a document that permits a person to act upon another person's behalf, usually in health, finances and business decisions. There are different kinds of powers of attorney, ranging from a limited power of attorney to a very comprehensive one,...
Individuals who play a role in estate planning, including trustees, executors and others, have a legal obligation to always act in the best interests of the estate, trust, heirs or beneficiaries. The breach of this legal obligation is a breach of fiduciary duty....
When getting started, it’s common for many entrepreneurs to choose a structure that aligns with the initial objectives and resources available. However, as time passes and the business evolves, the structure may no longer be the best fit. It means exploring...
If you’re the executor of a relative’s or friend’s estate, you are probably grateful if they did some thoughtful estate planning to keep their assets out of probate court. This can make administering the estate easier and faster. What if you find out, however, that...
Starting a new business can be an exciting but challenging endeavor. While making mistakes along the way is normal, being aware of common pitfalls can help new business owners navigate the entrepreneurial landscape more successfully. If you have started a business...
Estate plans need to be reviewed – and potentially updated – regularly after they are created to make sure that they are current concerning the assets that a person owns and the goals they want to accomplish. Instead of updating the plan every one-to-three years, you...
When Pennsylvania residents pass on, their dependents are often left to take care of their financial affairs. This is especially the case when the decedent dies unexpectedly. And if the decedent had no will in place, Pennsylvania intestate laws generally come into...
When you start a business, you need to tell prospective clients you are in operation and have what they need. Coming into the market with a quality/unique product or service is crucial, but if people don't know about it, they won't become your customers. Thus,...