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Understanding the Probate Process: How Estates Are Settled After Death

Losing a loved one is never easy, and dealing with their estate can feel overwhelming. When someone passes, you may face decisions that you’re not prepared for, and the legal processes can add to your stress. Probate can feel intimidating, but understanding the steps involved can help you approach it with more confidence and peace of mind.

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What Happens to Your Assets If You Die Without a Will in Pennsylvania

Facing the loss of a loved one is always difficult, and it becomes even more stressful when there’s no will in place. When someone passes without a will, called dying intestate, decisions about distributing assets fall to state laws.

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Annual Gift Tax and Estate Tax Exclusions are Increasing in 2022

The amount you can gift to any one person without filing a gift tax form is increasing to $16,000 in 2022, the first increase since 2018. The federal estate tax exclusion is also climbing to more than $12 million per individual.

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PENNSYLVANIA ESTATE ADMINISTRATION TIMETABLE

This is a general description of the steps, and the timing of the steps, usually needed for the administration of an estate in Pennsylvania.

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Powers of Attorney - Are They Necessary?

A properly drafted Power of Attorney will allow your spouse, children or loved ones to assist you through difficult times without having the expensive Guardianship involvement.

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Do I Need a Will?

Many people die without ever having taken the time to write a will. What happens in that situation? The answer is set by state legislation.

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If you have a credit equivalent trust DO YOURSELF A FAVOR

Believe me when I say this is important to the surviving spouse. Of course I would be happy to discuss this issue, but don’t hesitate! Do yourself this favor.

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