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John B. Whalen, Jr., JD., LL.M., Attorney and Counselor at Law, is AV Peer Review Rated Preeminent 5.0 and Avvo Rated 10.0 Superb (obtaining over 95 client reviews and peer endorsements).
The best gift you can give your loved ones is to have your Estate Planning complete. Unfortunately, to a great extent, misinformation about critical terms such as inheritance tax, estate tax, probate, avoiding probate, simple will, living will, and living trust, tends to lead to misunderstandings of estate planning.
An attorney who specializes in Pa Estate Planning can help you create a complete plan (including Pa Last Wills, Pa Powers of Attorney, and Pa Living Wills, etc.) to protect your spouse and children if you become unable to manage your financial affairs.
Pa Estate Administration is the process of settling a decedent’s affairs. When a loved one passes away, it can be an emotional time. In addition to grieving their passing, those that survive them must tie up all the legal and financial loose ends related to their life and estate. This includes addressing their will and following its instructions. The first step of the Pa Estate Administration requires the named executor to apply for Pa Probate. Pa Probate grants the Executor the legal right to be able to administer the Pa Estate. The Executor must then have the estate valued in order to determine if any tax is owed upon its proceeds. If any taxes are due, the amount owed must then be paid by the executor of the estate before any other monies are distributed to the departed person’s beneficiaries. The beneficiaries may eventually have to file Pa Inheritance tax returns as well.
A Power of Attorney grants your Agent (Fiduciary) the ability to control all of your affairs.
The Pa Probate process, itself, is a very simple process. However, it is merely the beginning of the Pa Estate Administration (also known as the Pa Estate Settlement) process, which involves settling a decedent’s affairs, and can (and does) involve many, many other steps, depending on many, many other things.
My goal is to ensure that my clients are aware of all aspects of their desires and Estate Planning, comfortable with the process, and confident with me. These testimonials, many of them being confidential to the extent that even I am not privy to their identity, mean everything to me. Thank You.