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  • west chester estate planning lawyers What is a Dynasty Trust in Pennsylvania? November 8, 2018 - A dynasty trust is used to pass on property and assets for the benefit of an individual’s descendants and their descendants. These types of trusts are typically utilized when a person would like to avoid the extensive taxes involved with estate administration and probate. Dynasty trusts have a wide range of benefits for the creator...
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  • How Does Estate Planning Work if I’m Married to a Non-U.S. Citizen? November 1, 2018 - If you are married to an individual that is not a U.S. citizen, you may be wondering how that could affect your estate plan. For example, transfers between spouses are typically not taxed, however, transfers from a U.S. citizen to a non-citizen may trigger some tax consequences. If you or your spouse wish to learn...
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  • Pennsylvania Guardianship Lawyer How to Give Guardianship to a Family Member in Pennsylvania? October 25, 2018 - Guardianships are usually established because an individual cannot make informed decisions regarding their health, safety, or financial status. In Pennsylvania, to create a valid guardianship, a person interested in the incapacitated person’s welfare must satisfy several requirements. If the requirements for forming a guardianship are met, a guardian can then be chosen for the incapacitated...
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  • Pennsylvania gift tax lawyers How to Get Temporary Guardianship of a Child in Pennsylvania? October 23, 2018 - Gaining temporary guardianship of a child in Pennsylvania can be a complex issue. The rules for establishing a temporary guardianship do not follow the same guidelines as a non-temporary guardianship. While guardianships are typically created after a court hearing, temporary guardianships can be created without a court order. If you or a family member needs...
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  • How do I know if my child needs a Special Needs Trust? October 20, 2018 - In order to qualify for resource-based benefits like Social Security Income (SSI) and Medical Assistance (MA), an individual with special needs cannot have assets in his or her name in excess of a certain amount.  For families who wish to leave assets to their special needs children through their estate plan – whether through their...
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  • guardianship lawyer pa What Can a Pennsylvania Special Needs Trust Pay For? October 18, 2018 - A special needs trust can be an invaluable tool that may be used to provide for a disabled person. There are various requirements that must be met to create a special needs trust in Pennsylvania. However, once created, a special needs trust can alleviate some financial responsibilities for your loved one. If you or a...
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  • Pennsylvania Elder Law Attorney When Are Wills Filed in Pennsylvania? October 15, 2018 - Wills are typically filed at some point after the will creator (“testator”) passes away. Wills are important for individuals who need to transfer their property to their family and loved ones. If you need to file a will in Pennsylvania, you should consult with an experienced Pennsylvania probate lawyer. At Herr Potts and Potts, our...
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  • last will and testament attorney Are Handwritten Wills Legal in Pennsylvania? October 11, 2018 - A will is an invaluable tool that can be used to help plan your estate. A will allows you to continue to provide for your family once you have passed away. However, not everyone has set aside time to take inventory of all of their assets and to prepare for it to be passed onto...
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