It is not uncommon for people to feel confused when they are asked if they have a living will. Though many understand that a will specifies their final requests and bequests, living wills are different. It is essential to understand the differences between wills and living wills, especially for people who are interested in estateRead More »
In this 3rd episode of the Great Estate Podcast, Attorney Christopher M. Brown is joined by Daniel R. Coleman from the Eckell Sparks wills, trusts and estates legal team to discuss notaries and estate planning. This pandemic has caused many people to stress about estate planning and assigning power of attorney, specifically healthcare agents. WhetherRead More »
Christopher M. Brown, Esq. has returned to podcasting with a new episode on wills, trusts, and estates. Christopher shares his knowledge on preparing a will, updating a living will, and the role of power of attorney. The ongoing COVID-19 quarantine is a great time to contact an attorney to set up or update a will.Read More »
WILLS, TRUSTS, ELDER LAW AND OTHER THOUGHTS TO CONSIDER It is obviously important for you, and your family, to know that there are many estate planning choices and tools that are available to you and your family, and that there are limitations to most of them: A Will does not control some very significant assetsRead More »
At the end of 2019, new laws arose that may affect people who have traditional IRAs. These regulations happened relatively quickly, but many with estate plans and trusts took notice. Specifically, the rules and language governing what happens to IRA accounts after they are inherited have been updated. Though not everyone with an IRA needsRead More »
Americans are living longer and working well past the traditional retirement age of 65 years old. Approximately one-quarter of working Americans say they plan on not retiring, according to an Associated Press- NORC Center for Public Affairs Research poll. For many, the reason is because they cannot afford to retire, forcing them to stay inRead More »
Charitable trusts can be designed to avoid certain income taxes but often with frequently changing regulations; it can become difficult to maintain the tax-exempt status. As more and more banks merge and consolidate, trustees and administrators are faced with having to review older trusts and must work to integrate them in the newer systems. ThisRead More »
Effective estate planning positions your assets to be shielded from tax liability while remaining accessible for the assigned beneficiaries. In traditional estate planning, that means tucking your money away for future distribution to your heirs in the event of your death. Some interesting options in estate planning allow your tax-exempt and liability-protected money to beRead More »
These days, more and more couples are living in quasi-marital situations without formally tying the knot. Whether or not to marry is a personal decision, but couples must realize if one of them dies unexpectedly without a will, their unmarried status puts the survivor at a distinct disadvantage. Laws of Intestate Succession No matter whetherRead More »
Though it can be tough to talk about, death is a reality that no one can avoid. However, what can be avoided is probate court for some assets. This is the reason many people talk to their estate planning attorneys about the possibility of taking advantage of designating certain assets as transfer on death (TOD).Read More »
A Message to Our Customers About Coronavirus COVID-19:
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We want to assure everyone that during this unprecedented and difficult time, we are still operating and will continue to meet all the legal needs of the residents of the Delaware Valley. While the Governor’s recent orders have restricted our ability to maintain and run our physical offices, Eckell Sparks has deployed a variety of applications and hardware that allows both our attorneys and our support staff to work remotely from home, prepare legal documents, confer with clients remotely, and provide consultations to those seeking legal advice. For more than 50 years, our Firm has been a force in the Delaware Valley legal community. And by leveraging technology, we will continue to do so both during, and after, the current public health emergency.
So, if you need us, we are here. Do you have a question about whether it’s more beneficial to file your taxes by April 15, despite the postponement of the filing deadlines? Are you an employer and don’t know what to do under all the new Corona-virus laws being passed in Washington? Were you injured in a car accident either before, or during, the current crisis? Call or email us. We can help. www.eckellsparks.com 610-565-3700.
Stay safe out there.