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For more than 40+ years, the attorneys at Gusty A.E. Sunseri & Associates, P.C., have produced trusted legal results for our clients.
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 that can contribute to your long-term financial...
A will and a living will can be key components of any Pennsylvania resident’s estate plan. If you die without a valid will, state law will typically determine who gets your assets or who becomes the guardian for a minor child. If you don’t have a living will, family members...
There are advantages and disadvantages to using an irrevocable trust, and for most people, a revocable trust is sufficient. However, there are situations in which an irrevocable trust, which usually cannot be changed, is a good idea. For example, while the federal estate tax exemption is high enough that few...
Estate planning is one of the key steps anyone can take to protect their family and their assets. One of the best-known reasons for thorough estate planning is the tax advantages. However, that’s not the only reason or even the most important one. Peace of mind is really the most...
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...
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...
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 let any of this get...
Pennsylvania residents who have not set up an estate plan yet are not alone. Many people, even those that are elderly, put off even the simplest estate planning tasks. A lot of people delay estate planning because they don’t understand it, they think it’s only for the very wealthy, or...
It isn’t uncommon for individuals in Pennsylvania and throughout America to have trouble managing a large financial windfall. This can be true whether a person gets a significant raise at work or inherits a large sum of money from a parent or grandparent. However, there are ways that individuals can...
When people in Pennsylvania think about planning their estate, they may simply divide their possessions into fractions, leaving equal portions for each of their children or other loved ones. When it comes to dividing the proceeds from a real estate sale, the contents of a bank account or the payout...
When Pennsylvania residents who have sizable estates want to plan how to pass their assets to their children or preserve them for future generations, there are a few methods for doing so. Proper estate planning might help their families to avoid probate and estate taxes. It also can help to...
Parents and other family members of individuals in Pennsylvania who receive Medicaid and Supplemental Security Income because of a disability may want to create a special needs trust as part of their estate plan. Having assets above a certain amount can result in disqualification for these benefits. The type of...
There are several important components of an overall effective estate plan but the foundation is usually a will. It is important for estate planners to ensure that their will is valid and that it complies with all relevant laws and to do that, estate planners should ensure they understand what...
There are many important components of an effective Pennsylvania estate plan and an advance healthcare directive is one of them. Having an advance healthcare directive can provide peace of mind for both the estate planner and their loved ones, when the time comes that the estate planner can no longer...
Knowing when to update an estate plan can be just as important as knowing what to include in an estate plan and understanding the importance of having one. There are several important situations that should trigger a review of an estate plan that every estate planner should be familiar with....
Most of us spend our lives working hard to care for our families, which is what an estate plan can help with to ensure surviving loves ones are taken care of after their loved one is gone. This can provide invaluable peace of mind for both the estate planner and...
Everyone should ensure they have an estate plan and a valid will is an important part of that. There are a variety of different benefits to having a will and estate planners and potential estate planners should be familiar with what they are. A will provides important protections for the...
Knowing when to update an estate plan is almost as important as developing one to begin with. Keeping an estate plan current as life changes can help ensure the estate planner has the peace of mind the estate plan can create that their family and loved ones will be taken...
Estate planning is important for everyone which is why estate planners should carefully consider their estate planning options. Estate planning includes a set of legal tools that help estate planners develop a comprehensive estate plan that reflects their wishes and works for them. There are a variety of estate planning...