Improve estate administration efficiency with good organization
10/12/2015 | Kaplin Stewart Blog
Structuring a solid estate plan is the first step toward passing down wealth to one’s heirs. However, in order for the established plan to be effective, it is necessary to attain a high level of organization. The individual(s) who are entrusted with estate administration duties will be either empowered or limited by the organization of the estate plan. Pennsylvania residents should review their own estate planning package to ensure that the information laid out within is organized and easily accessible. […]
Benefits of trusts within estate planning
9/28/2015 | Kaplin Stewart Blog
When considering various estate planning options, many Pennsylvania residents feel overwhelmed by the sheer volume of options. One of the biggest choices to be made involves which vehicle is best suited to hand down assets: wills or trusts. While each family has a unique set of needs, trusts are an attractive option for many people and provide a number of estate planning benefits over wills. Perhaps the primary benefit of using a trust to pass down assets is the ability […]
The gift of professional estate administration
9/17/2015 | Kaplin Stewart Blog
For many Pennsylvania residents, an important part of the estate planning process involves determining who will serve as the executor of one’s will. However, in many cases this is a determination that is likely to lead to a great deal of stress for the individual tasked with that role. It is worth considering whether obtaining professional estate administration services is a good fit for your family’s particular needs. An estate administrator will assume most of the tasks for which an […]
The role of executor in estate administration
8/13/2015 | Kaplin Stewart Blog
Most Pennsylvania residents are aware that drafting a will is one of the best ways to ensure that assets pass down to their intended heirs. Many are unclear, however, about the role that an executor plays within the estate administration process, and how to make the right decision for that role. The following information is offered in the hopes of clarifying what will be expected of an executor, and what considerations should be made in selecting the best possible fit. […]
The role of the beneficiary within estate planning
6/8/2015 | Kaplin Stewart Blog
Signing off on that last estate planning document is a wonderful thing. Many Pennsylvania residents feel a great sense of relief when the process is complete and are glad to have provided for the division of assets in the event of their death. That said, it is not uncommon for individuals to hold misconceptions about estate planning, one of which involves the power of named beneficiaries. Many types of accounts require the holder to designate an individual who will receive […]
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