Do a Google search, and you might find an advertisement warning readers that writing a Will may be one of the biggest mistakes they can make. “It’s true”, the advertisement might exclaim, as it goes on to detail the horrors associated with settling a Will. Fortunately, the advertiser offers a simple solution: the Living Trust. … Read more
A NEW FORM OF OWNERSHIP In Pennsylvania, the law allows you to register your bank accounts and certificates of deposit so that your named beneficiary automatically becomes the owner upon your death. To achieve such a result, you simply open the account in your name, but list the account as being “in trust for” your … Read more
When many consider estate planning, they immediately think of their Will. After all, the Will controls who receives our assets when we die. In practice, however, the Will may not control the disposition of any of our property. To understand how the Will works, you have to understand that our assets pass at our death … Read more
It’s no secret that some life insurance agents scan the newspaper looking for announcements of newborn babies. After all, the proud parents now have a reason to purchase some life insurance. The need for life insurance in such a case is obvious. If the family breadwinner dies prematurely, the life insurance proceeds will be available … Read more
As the baby-boom generation ages, the problems faced by this segment of the population will become more acute. One such problem is the decline in one’s ability to make financial decisions. As the problem worsens, the person may be unable to manage their money at all and may be liable to dissipate it. To prevent … Read more