Pennsylvania mandates that an inheritance tax be paid on any assets transferred upon death in the Commonwealth. Here are a few basic points that are important to know regarding the inheritance tax. There is a separate federal estate tax. The federal estate tax works differently....
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There are millions of veterans who have served our country honorably and have dedicated and risked their lives to provide security and peace for the rest of us. Yet, many veterans who have served do not know they may be entitled to veterans pension benefits, or improved pensions....
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A trust is an estate planning tool that allows you to write rules for how your assets are to be distributed, both during your life and after you die. Unlike a will, an asset that is in a valid trust avoids probate. In addition, a trust allows for more flexible inheritance distrib...
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Many of us know that having a Will is a good idea, and this document typically serves as a foundation to your estate plan. But a will is simply a death document. It is therefore ineffective unless you die. The problem is that over half of us, at some point in our lives, will beco...
A revocable living trust is an estate planning tool that is considered a substitute to a will. However, unlike a will, you can use a living trust during your life to manage your affairs and investments. A living trust can also be effective for an orderly inheritance distribution,...
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The Role of the Executor of the Estate As executor of the estate, you are charged with the responsibility of making sure the decedents estate is handled in the proper manner under the law. Typically, the executor hires an attorney to assist him or her in all of the responsibil...
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