Asset Protection

Future estate plans are expected to be inspired greatly by electronic wills. More and more people are lately getting interested in electronic wills, especially after the passing of the Uniform Electronic Wills Act by the Uniform Law Commission. So, if you are also interested in electronic wills and wonder whether it is a good idea […]

If estate planning is still on your ‘to-do’ list, now is the time to get it done. With the spike in coronavirus cases, the importance of estate planning has risen. Even though the vaccines have made their way into many countries, it is still a long way to go until everyone gets vaccinated. In such

Death and Taxes are the two unpleasant things to hear about yet the guaranteed things in life. No matter how distressing the terms are, we got to manage at least the financial implications that come with them. If you ask for one helpful solution to the problem, I would say: trusts. But then again, revocable

This unique case emerged in November 2020 in Texas court, which truly had a ripple effect on how the trusts are interpreted. Here is What Happened! So, what happened was that a mother established a trust in which she authorized a trustee to distribute her assets between her son and the son’s spouse. The twist

Estate planning is a complex topic to have a conversation on, especially with the parents. People usually think of estate planning as the process of designating one’s assets after the person passes away and settling his/her debts. This, however, is not true. Estate planning deals with other issues as well, such as the conditions of

A will plays a crucial role in estate planning and administration. People usually don’t take it seriously, but that doesn’t affect its importance in any way. Many individuals even in Pennsylvania consider making handwritten wills. The main reason can be a sudden illness or the inability to afford an attorney. Whatever is the situation, if

Limited Liability Companies or LLCs, just like other business organizations, need proper structuring. The owners of these LLCs are called members. They own a membership interest. There are various options to access and manage LLC interests and one of them is to not put them into the trust, unlike other business owner. This, however, is