A dual-pronged approach to marital and estate planning
5/26/2016 | Kaplin Stewart Blog
Planning for the future is one of the most savvy moves that any Pennsylvania resident can make. This is true in regard to personal financial planning, and also for estate planning. One approach helps to ensure that assets are protected during one’s lifetime, while the other ensures that those assets are handed down in the manner of one’s choosing. One way to combine those efforts is to think about the risk that an heir could lose a sizable portion of […]
Another reason to add life insurance to estate planning
5/13/2016 | Kaplin Stewart Blog
Many Americans think of insurance policies as safeguards against the unpredictable nature of life. There are policies that can help pay for health care, auto repairs and damage to one’s home. Purchasing insurance is required when a home or vehicle is financed, and many in Pennsylvania purchase other types of coverage simply to have a degree of peace of mind. When it comes to estate planning, there are certain types of insurance that should be considered. It is estimated that […]
Estate planning changes increase exemption amount
5/6/2016 | Kaplin Stewart Blog
Many Pennsylvania residents have heard that Congress has raised the estate tax exemption threshold to $5.45 million for 2016. That means that individuals who have amassed less than that amount will be able to pass that wealth down to their chosen heirs free from estate tax. This estate planning change is welcome news for some, but others feel that the increase is not large enough. Regardless of where one stands on the matter, the news serves as a reminder of […]
Did Prince fail to create an estate planning package?
4/29/2016 | Kaplin Stewart Blog
Very few Pennsylvania residents will have escaped media coverage of the passing of one of America’s great performers. When Prince died recently, his family was thrown into the chaos of having to sort through his affairs, as is the case for so many families who experience a sudden loss. It appears that the musician did not have an estate planning package in place, as one of his siblings has asked the court to assign a special administrator to begin working […]
Creative estate planning for second marriages
4/22/2016 | Kaplin Stewart Blog
One of the most interesting things about estate law is the fact that no two Pennsylvania individuals or families will share the exact same set of needs when it comes to planning their estates. Estate planning is incredibly flexible and easily customizable. There are options available to suit a wide range of goals and priorities. Consider the example of a man who has built a successful business and is preparing to marry for the second time. He has two children, […]
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