A trust can serve as a powerful tool to manage and preserve your assets. This legal arrangement allows you to transfer your assets to a trustee, who manages and distributes them according to your wishes and instructions. Trusts offer several benefits and advantages...
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Pros and cons of forming an LLC
Deciding to pursue your dreams and start a Pennsylvania business is a monumental step and can be exciting and stressful. While you may have 101 things on your to-do list, determining your business structure is a decision you should not take lightly. Here are some pros...
Tips for smooth custody arrangements
Divorce impacts the whole family, not just the adults who are divorcing. Sometimes, in the midst of the stress that divorce can create, this may be easy to forget. When it comes to custody arrangements, it is particularly important to keep your children and their...
How may an attorney help you form a new business?
Every year, entrepreneurs open new companies throughout Pennsylvania. If you're ready to launch your new company, there are several steps you'll need to take. One of the most beneficial steps might be to have a lawyer on your side. Here are a few ways an attorney may...
Things to keep in mind when dividing retirement plans
The process of divorce is no easy journey and can often be riddled with obstacle after obstacle. One of the most common errors that people in Pennsylvania and throughout the country make during the process is forgetting to include an order regarding their retirement...
Non-compete agreements are a hot-button legal issue
Workers in Pennsylvania and around the country who have access to trade secrets or other sensitive information often have non-compete clauses in their employment contracts or are asked to sign separate non-compete agreements. These clauses or agreements are designed...
When and why to update an estate plan
People in Pennsylvania may need to revise their estate plan when they have children or when they get a divorce. A change in laws, the death of an executor or losing a copy of the original will may also require a revised estate plan. A person who is creating a new will...
Deciding when a prenuptial agreement can help
Pennsylvania couples planning for marriage should discuss whether to get a prenuptial agreement, particularly if they are business owners. Assets acquired before marriage generally are considered separate property, and assets acquired by either spouse during their...
The importance of timely estate planning
If you own property in Pennsylvania, you will ideally include it in some sort of estate plan. You will also ideally have an estate plan if you have children that will need to be cared for in the event that you die or become incapacitated. While you may not want to...
Don’t ignore your estate plan
Like many Pennsylvania residents, you may be afraid of putting together your own estate plan. People do not like to do anything that relates to their own mortality or infirmity. Additionally, they may be intimidated by the estate planning process. The advice is to not...