While creating a last will and testament is an important estate planning step, it is not the only one Pennsylvania residents should be taking. Unfortunately, not many people realize there are a number of tools available to distribute one's assets to loved ones, and it...
What common mistakes do executors make when distributing assets?
Being named the executor of someone's estate is not a job that should be taken lightly. The executor has the legal responsibility of arranging for the payment of all income and estate taxes, wrap up the affairs of the estate and distribute the assets of the estate....
Choose the executor of your estate wisely
When a loved one or family member asks a Pennsylvania resident to become the executor of their estate, it is natural to feel honored at the request. If the testator is near death, then there is an even more pressing need to agree and ease their stress. However, it's...
What are the duties of the executor of an estate?
Being appointed the executor of a loved one's estate is an honor. However, it can also cause confusion, especially if one does not have any experience in estate administration in Pennsylvania. It can be intimidating, to say the least. Essentially, though, the executor...
What duties does a personal representative have in Pennsylvania?
Losing a loved one is an emotional process. When people are grieving, they may not initially be thinking of what will happen to their loved one's assets. However, there are legalities that must be followed with regards to the distribution of the deceased's assets....
