For many of us, our pets are not just animals, they are cherished members of our family. Yet, it's a sad reality that few of us have plans in place for our pets in case of unexpected events. We often assume that family or friends will step in, but the truth is, the situation can be much more complex, potentially leaving our pets in uncertain and unsettling circumstances. This is where pet trusts come in, offering a Read More
Providing for Your Pet With a Trust
We all want the best for our furry friends, and the best way to ensure that they’ll be well taken care of is with a pet trust. Believe it or not, you can set up a trust specifically to provide for your pets - and you’ll likely be surprised how much you’re able to specify for the care of your favorite animals. And “pets” includes more than dogs or cats: they can be birds fish, horses, almost anything else. How Does a Read More
Benefits of a Charitable Remainder Trust in Pennsylvania
There’s nothing stopping you from donating money or property to your favorite charity today, tomorrow, or next week. After all, you can deduct some charitable giving on the next round of income taxes you file. However, there may well be a more cost-efficient way to donate to your charity of choice while reducing your taxable income, providing your loved ones with a steady stream of income, AND avoiding capital gains Read More
Last Will and Testament vs. Trusts
Of the countless estate planning documents available, Wills and trusts are arguably the two most common. Still, there are plenty of misconceptions about these two legal documents and what they can accomplish. We’ll cover the basics on Wills and trusts in this blog so you understand how you can use precise estate planning strategies to your advantage. What is a Will and Why Should You Have One? The Last Will and Read More
