Hello and thank you for taking the time to visit my AVVO profile. If you are... more
Hello and thank you for taking the time to visit my AVVO profile. If you are interested in preserving family wealth and wisdom, then please continue on to review some of the materials that we have put together for you. Many of the checklists, articles, and materials that we have for our clients and prospective clients cover such topics as: wills asset protection trusts to protect children an... view profile
Karen M. Stockmal is the founder of the Philadelphia based KMS Law Offices,... more
Karen M. Stockmal is the founder of the Philadelphia based KMS Law Offices, providing legal services in the areas of estate planning, estate administration, business and charitable planning, educational planning and fiduciary counseling. Prior to opening her own firm, she spent nine years as part of Pepper Hamilton’s Trusts and Estates practice. Ms. Stockmal is an active member of the Philadel... view profile
Has the thought of putting together an estate plan, trust , will, living will or... more
Has the thought of putting together an estate plan, trust , will, living will or power of attorney drain you? Do you need a guardianship for a loved one and don't know where to turn? Is the estate you need to administer or are about to probate making your life hectic? Has your family put you in charge of sorting a difficult family situation and you don't know where to turn or even the ques... view profile
A trust is an arrangement whereby someone owns and manages money or property for another person's benefit. Like a guardianship, a trustee has decision-making authority over the trust property, but no court is involved in the trustee's action–the person who creates the trust defines the scope of the trustee's power. There are many different trust types, including probate trusts, income trusts, spendthrift trusts, and educational trusts. For example, a living trust allows you to manage your property while you are alive and to direct who will manage it if you become incapable of doing so. In essence, you choose your own “guardian” in advance and avoid having the court do it for you. A trust attorney reviews the many reasons for establishing a trust with you, and can ensure your trust will be legally valid.