Wills & Trusts
Drawing up a will or trust is an essential part of estate planning. Without one, your assets will be divided according to Pennsylvania state law, which may proscribe very different outcomes than those you desire. Even if you are relatively young and in good health, you owe it to your loved ones to make sure that they receive your property in the case of an unexpected tragedy.
The experienced estate planning lawyers at Raffaele Puppio can assist you with everything you need to set up a will or trust in Delaware County. We will carefully describe all your options, so you can properly distribute your wealth to your spouse, your children, charities, and any other beneficiaries after you pass away. When that does happen, we will help clear any legal hurdles that could impede the process and delay or reduce their inheritance.
We also can help you set up a trust, which goes into effect immediately and allows you to distribute some portion of your wealth or assets – such as property or a business – to a beneficiary to manage while you are still alive. An added advantage of a trust is that, unlike a will, it doesn’t fall under the auspices of probate law, removing one potential legal obstacle.
Whatever your needs, the Delaware County estate attorneys at Raffaele Puppio are here to help you with the weighty matter of establishing a will or trust, or to make changes to existing documents. And if any problems surface, our experienced attorneys are well-equipped to tackle them and make sure your wealth is passed on according to your wishes.
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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...