Value of Prince’s Estate Grows as Probate Looms

Just like David Bowie’s death taught us earlier this year, the unexpected demise of Prince provides a strong lesson in the importance of proper estate planning. (or the dangers of a lack of proper planning). According to the latest reports, Prince’s sister, Tyka Nelson, has filed court documents stating her brother left no will. Tyka […]

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4 Simple Ways to Avoid Probate Costs

The bad news: probated estates are subject to a variety of costs from attorneys, executors, appraisers, accountants, courts, and state law. Depending on the probate’s complexity, and the size of the estate, fees can run into the tens of thousands of dollars. The good news: probate costs can be reduced by avoiding probate. It’s really […]

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Is There an Income Tax Time Bomb Lurking in Your Estate Plan?

As the federal estate tax exemption has ballooned from $1.5 million ten years ago to $5.43 million today, the need for estate tax planning by families has drastically decreased. Instead, higher income tax rates that were ushered in under the American Taxpayer Relief Act of 2012 (ATRA) have shifted the focus of estate planning to […]

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Joint Executors for Pennsylvania Estates

One of the decisions that must be made when drafting your Will, is who to name as Executor of your Estate. An Executor is an individual (or an entity such as a trust company), named in the Will, who will administer your estate. This involves everything from collecting your assets, opening an estate checking account […]

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