Estate planning is a very personal matter, and everybody will approach it a bit differently, depending on their financial circumstances, family situation, personal values, and life goals. For some people, estate planning will involve making significant contributions...
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Probate and Estate Administration
Estate Administration and Unclaimed Property
After a Will has been probated and estate administration is proceeding for a decedent, it is a good idea to check out the Unclaimed Property Website of the Pennsylvania Treasury Department at www.patreasury.gov. It is one of the jobs of the Executor or Administrator...
Pennsylvania Inheritance Taxes
When dealing with probate and estate administration, be aware that Pennsylvania imposes inheritance taxes on the decedent's assets. The tax rate is determined by the relationship of the decedent to the person inheriting the property (the beneficiary). The tax rate...
Probate – What is it?
Many people want to avoid Probate but are not sure what that term means. Here is a simple way to understand Probate. When a person dies owning assets in his or her name alone, an estate must be "opened" by a personal representative to handle the assets and to settle...