Who can be a witness? Probate And Estate Administration. Bankruptcy can eliminate unsecured debt such as credit cards, medical bills, and personal loans. Determining the Best Interests of the Child. But while a will transfers assets directly to your heirs, trusts have a trustee who controls those assets. How long is your Medical Power of Attorney effective in Pennsylvania? Are you comfortable telling the lawyer personal information? These trusts give you more control over your insurance policies and the money paid from them, and allows you to reduce estate expenses, which means your loved ones get more of your estate. The Law Offices of Leo Mikityanskiy, P. C. represents clients in Bucks County and Northeast Philadelphia, PA. A home inspection is generally very thorough, and can produce important information about the roof, foundation, drainage systems, heating systems, and other features of a house. During the meeting, we will discuss your personal objectives, family composition and financial affairs, as well as income, gift and estate taxes, step-up costs basis of property, and capital gains taxes on sales of property. This is another tool meant to manage your affairs if you become disabled or incapacitated. Parents can either share decision making ability, known as joint legal custody, or one parent can retain all decision making power, known as sole legal custody.
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The proper estate planning tools can minimize the tax liabilities of your estate and make certain that your property is distributed according to your exact wishes. The Health Care Power of Attorney and Living Wills we prepare comply with Pennsylvania statute and Act 169 and incorporate the Living Will into a Health Care Power of Attorney so your wishes are known in the event of disability and also, in the event of serious or permanent illness. Probate can add additional delays and costs to distributing the estate assets. The death of a loved one can be a very difficult time, but having a Will in place will ease the burden associated with the tragic situation. The child's relationship with extended family. Many people think the term "estate planning" applies only to very wealthy people. Each parent's availability to care for the child or ability to make child-care arrangements. Locations Served in Bucks County, PA. We offer Medicaid planning services that can protect your assets and help you qualify for medical assistance. This leaves the designated person in charge of decisions regarding the healthcare of the terminally ill person, and may also include their financial decisions as well.
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That's where the law firm of Penglase & Benson can help. It can be difficult to address estate planning. Do you know what will happen to your assets when you pass away or become incapacitated? In a living will a Bucks County resident can set forth his or her wishes regarding life support or emergencies during surgery. Drafting and executing Wills that reflect your intent to distribute your wealth and property or to appoint guardians for your minor children; - Separate and Joint Wills for spouses; - Probating a Will and Estate Administration; - Powers of Attorney and Medical Health Care directives; - Inheritance issues and disputes over estates of people who died without a Will; - Estate Litigation and Will contests. Contact Penglase & Benson for a consultation today. Make decisions in your best interests and consider the preservation of life, relief from suffering, and the preservation or restoration of functioning.
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If your rights as an employee were infringed upon, a knowledgeable employment law attorney can determine your next steps and how to get your deserved compensation. Typically, a Chapter 7 bankruptcy case lasts from four to six months from the date of filing. Use FindLaw to find a wills lawyer near you to prepare a will tailored to your circumstances. Health Care Power of Attorney to appoint Health Care Agents if you are unable to make medical decisions for yourself. Call (215) 886-1881 to schedule your consultation. Whether debt settlement, Chapter 7 bankruptcy, or Chapter 13 bankruptcy is the answer will depend upon the facts of your unique financial situation and your goals. Not all estate planning involves the assets you'll leave behind.
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Thus, you will want to make sure that you understand the purchase and sale agreement and that it protects your interests. We work closely with you to determine which course of action will get you out of debt and back on your feet. We help clients in Philadelphia, Eastern Montgomery County, Lower Bucks County, and Delaware County, Pennsylvania from our office in Jenkintown, northwest of Philadelphia. Without proper assistance, most people will be required to spend down most of their assets before Medicaid will begin paying for their care. BRITTANY FARMS – THE HIGHLANDS CDP. Probate is the Administration of Estates.
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A Power of Attorney (POA) is a document that allows another person to act on behalf of the individual. You should consider working with an estate planning attorney to designate an agent to work on your behalf. An "estate" is simply what you own. We will help you develop a strategy that serves your needs. Whether your estate is small or large, we will charge you a fair fee. Should You Have a Living Will?
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Living Will to direct what medical treatment you do or do not want to receive in the event you are terminally ill with no hope of recovery. You should also choose an agent who knows your wishes and beliefs regarding medical care. Employees who are wrongfully fired, discriminated against or harassed can feel powerless and unsure how they can move forward with their lives. Estate planning options include the following: - Wills(the traditional manner of passing on assets): Without a will, the state determines who will get your assets.
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Unpaid unemployment compensation. Our bankruptcy attorneys will work with you to resolve your financial situation as expeditiously as possible and help you get your fresh start. What Happens in a Chapter 7 Bankruptcy? A living will is a legal document that directs medical professionals on how to care for you if you are in a state of permanent unconsciousness or otherwise able to communicate.
For a free initial consultation, contact John M. Kenney at (215) 547-3031 or by completing our online form. Your attorney might recommend a Trust in larger estates, estates with young beneficiaries and in situations with special circumstances such as for disabled individuals. In Pennsylvania, your health care agent's powers take effect when: - someone gives a copy to the attending physician and, - a doctor determines that you are medically incompetent. You will need to pass a means test to show that you qualify for Chapter 7. No matter how old you are, the right time to start planning is now. Q: Can Bankruptcy Help with Unsecured Debt? Without a Will, individuals in control of your estate may not be the people you prefer and they may not even cooperate with each other.
A Personal Representative (often called an Executor) is the person who is designated to manage the estate administration process. Determine the seriousness of complaints/issues which could range from late bar fees to more serious issues requiring disciplinary action. A person is able to distribute money and other financial holdings, property, and important possessions to the relatives, friends, or organizations of their choosing. You can avoid the legal process of probate with a revocable living trust. Once all of the issues are addressed, your estate planning documents will be properly executed under the supervision of an attorney. Kenney can negotiate the terms in a purchase and sale agreement for you, such as any contingency clauses, and guide you through the real estate closing process. Or, contact us by e-mail and someone from our firm will be in touch with you promptly. Disability and Medicaid Planning. Living wills:A living will can ensure the end-of-life decisions that are made in the event of your incapacitation are the decisions you wanted.
Violations of the Family Medical Leave Act (FMLA). Developing the Estate Plan. Gerry works hands-on with our clients and strives to help them understand every step they take and every option they have. Also called an advance directive or health care directive, it provides for your wishes while you are still alive but may be unable to communicate your decisions. A complete estate planning package such as this will ensure that your wishes are respected and your family and financial goals are met.
He understands that estate planning needs vary from client to client. Talking to your family about end-of-life decisions is a sensitive matter. Health care directives. If you don't specify a date, the form remains in effect until it's revoked by: - You (the principal). A Personal Representative would, however, as part of their fiduciary duty, be responsible for paying all estate expenses from the assets of the estate. Purchasing a home is a major transaction with consequences that may extend far into the future. A victim and their attorney will need to bring a claim within the time window provided by the Pennsylvania statute of limitations to preserve the right to Accidents. We have experience drafting many different types of estate planning documents, including: - Wills. They may be able to recover a greater range of damages than they could through workers' compensation, such as non-economic damages for their pain and ers' Compensation.
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