Estate Planning

Planning for the future is important, particularly when it involves ensuring the well-being of your loved ones after your passing. An estate plan serves as a roadmap, guiding the distribution of your assets and providing for your family's future. By taking proactive...

While it is an honor to be named as a trusted decision maker, also known as an executor or personal representative, in a person’s will, it can often be a sobering and daunting responsibility. Being an executor requires a high level of organization, foresight, and...

In this video, Jim Ruggiero Esq delves into the complexities and benefits of Spousal Lifetime Access Trusts (SLATs) as a strategic component of estate planning for couples residing in Pennsylvania. SLATs are becoming an increasingly popular tool for managing assets,...

People often rely on doctors and healthcare professionals to make medical care decisions on their behalf. When you cannot communicate your wishes, you need an alternative. A living will provides you with that solution. A living will legally illustrates your healthcare...

The landscape of estate planning is undergoing a significant shift. One such significant modification is the 2026 state and gift tax exclusion. It was on an upward trajectory but is now set to dramatically reduce. Understanding the changes The roots of these changes...

Nerdwallet reported in the first quarter of 2023, Americans held an average IRA balance of $109,000. If you have an IRA, now may be the time to consider converting it to a Roth IRA. As you approach year-end tax planning, it might be the best option in preparation for...

Every business owner should consider what will happen to their business when they die. With proper estate planning and a thorough business succession strategy, you can dictate exactly how you want the transition to go. Questions to consider To help you make choices...

As time passes, you quickly realize the importance of getting your affairs together. Along with a will and estate plan to ensure your hard-earned assets go where you want, you must also think about yourself. If the time comes when you cannot make medical decisions for...

When people die in Pennsylvania, their assets and liabilities form part of their estate. Administrators manage those assets according to the decedent's will or the state's intestacy laws. This process can be complex and often leaves many questions unanswered. This...

Drafting a will might sound like something for the very wealthy. However, if you have any assets, you need a will sooner rather than later. According to CNBC, only 33 percent of Americans have an estate plan. Leaving your affairs for your loved ones to deal with is...