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For more than 35 years, the attorneys at Gusty Sunseri & Associates, P.C.,
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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...
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...
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 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...
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...
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...
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...
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...
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,...
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...
