Estate Planning & Administration
Many of us work for a lifetime to build up our assets. We enjoy our way of life and want to pass the wealth we have worked hard to accumulate on to our children. Unfortunately, there are many hazards from taxes to expensive lawsuits, that can trip up even the most well-prepared individuals and reduce the amount that they can bestow upon their loved ones. No matter what your family situation or wealth, proper estate planning at an early stage can help avoid many headaches later.
From wills to trusts and powers of attorney to advanced care instructions, the experienced estate planning attorneys at Raffaele Puppio can help you prepare all the documentation you need in Delaware County to set your affairs in order in the event of unfortunate circumstances. We have the knowledge and skill necessary to understand your needs and handle the unique complexities you may face. When you need to update your plan, we will be there every step of the way to help you with the changes.
Even young or unmarried people should prepare for the dispersal of their assets with a proper estate plan. If you have a retirement plan or an expensive piece of property such as a home or automobile, it is best to lay out a plan to see that your wealth goes to family members or friends rather than to government agencies or tax collectors. Take the time to create an estate plan today and ease the burden on your loved ones tomorrow.
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From The Blog
Understanding Trusts as a Tool in Estate Planning in PennsylvaniaJuly 28, 2017
Often confused with wills, trusts are a frequently misunderstood tool for estate planning. Though trusts and wills are often connected within an estate and have some abilities in common, they are two different legal documents. Like a will, a trust comprises a list of property and names people or entities who are to receive that... Read More...
Roles and Responsibilities of the Administrator of a Will in PennsylvaniaJuly 13, 2017
If you have been entrusted with the responsibility of administering the estate of a recently deceased family member or friend, it is helpful to know in advance the range of duties that will be expected of you. Administering a will as the estate’s executor can take upwards of six months, or even years, and will... Read More...
Is an Estate Required to Repay DHS for Medical Assistance Under Pennsylvania’s Medicaid Estate Recovery Program?May 31, 2017
If the Pennsylvania Department of Human Services (DHS) provides medical assistance to an individual who is over 55 years of age, DHS shall have a claim against that person’s estate to recover the cost of the medical assistance. DHS’s claim against the decedent’s estate includes the cost of nursing home care, home and community based... Read More...
Estate Planning Tips During a DivorceOctober 14, 2016
For most, a divorce is a foreign, complex and highly emotional process. Once a party has decided to divorce or has been served with a divorce complaint, the issues that take the forefront are the ones which affect a party’s everyday life – how will expenses be paid, where will each party live, how often... Read More...
You Can Still Use Common Law Marriage to Reduce or Eliminate PA Inheritance TaxJune 29, 2016
Under Pennsylvania Estate Law, anything that you inherit from your non-spouse, significant other after his or her death will be taxed at a rate of 15% by the Pennsylvania Department of Revenue. However, if you can prove that you were the common-law spouse of the deceased, anything that you inherit will be taxed at a... Read More...