An inventory must be filed with the court in administering an estate. The inventory should identify all probate assets of the decedent at the time of death. This may require some investigation by the executor. A good starting point is to monitor the decedent’s mail for evidence of statements for accounts. In an increasingly electronic […]
Not every asset owned by a party at the time of death will be subject to the probate process or pass under the direction of the will. Probate assets are those for which there is no pre-existing designation as to who should get the asset. Examples of typical assets that will be subject to probate […]
The executor of your will is the person designated to be responsible for the administration of your estate. They are required to act in a fiduciary capacity and carry out the wishes as stated in the will. It is a good idea to talk to your executor about your desires regarding your assets and debts […]
One of the first steps to take after a loved one dies is to find out if they had a will. If there was a will, the second step is to make sure the will is valid. There are a few requirements for a valid will in Pennsylvania. First, the will must be signed by […]
Many couples who have financial problems feel like they should still co-own assets after divorce. Maybe you are upside down on the mortgage on your home and you would lose money selling it. Perhaps you have debt you still want to co-own or can not split for some reason. Perhaps one of you wants out […]
If you are overwhelmed with the divorce process it is important to take a step back and get organized. One of the most overwhelming aspects of divorce is related to getting your financial documents gathered and assessed. For our clients in Bucks and Montgomery Counties here in PA, we know how stressful this can be, […]
We love this time of year as the weather is enjoyable and more time can be spent outside. We have had some glorious weather here in PA, even as the summer has come to a close. With your very busy lives we want to provide you with some great information on saving money and having […]
The financial implications of your divorce can be substantial and you may think you cannot afford to get divorced. Friends and relatives may share war stories of losing a significant amount of their savings to their ex, paying unreasonable levels of child support and alimony, and paying exorbitant legal fees. While the financial reality can […]
All children process divorce differently and your teen will be no different. They may be relieved if you and your spouse were constantly fighting or unhappy that mom and dad are no longer together. They may experience a variety of emotions that they are unsure how to handle. What should you watch out […]
In Pennsylvania, child support should terminate when the minor child is eighteen or graduate high school, whichever is later. However, in certain circumstances the obligation for support may continue past those milestones. One example would be if the child has a disability. Pennsylvania courts have held that the child support guidelines would continue to apply […]
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