When we think about power of attorney documents, we typically imagine adult children stepping in to manage affairs for aging parents. But there's another scenario that deserves serious consideration: young adults granting power of attorney to their own parents. This arrangement, while less commonly discussed, can provide crucial protection during some of life's most vulnerable … Continue reading Why Adult Children Should Consider Granting Power of Attorney to Their Parents
Category: Wills and Estates
Is an estate entitled to an economic stimulus
We’ve received questions regarding economic stimulus checks being paid to deceased individuals. Unfortunately the news agencies are making misleading statements to the extent that individuals who paid income tax and filed a tax return in 2018 or 2019 are entitled to the stimulus payment. They neglect to point out that estates and trusts are excluded … Continue reading Is an estate entitled to an economic stimulus
Join Us, 04/08/2016, for Live Immigration Law Video Seminar!!
On behalf of Prince Law Offices, P.C., I am pleased to announce that the firm's attorneys will be utilizing new technology to host informative live video sessions devoted to the various areas of practice we cover: Firearms Law, Workers' Compensation, Immigration, Civil Rights, Social Security, Corporate Law, Energy Law, Criminal Law, Wills Estates, Family Law, and … Continue reading Join Us, 04/08/2016, for Live Immigration Law Video Seminar!!
How Do I Revoke My Will?
It some times happens that circumstances change in a person's life and the person desires to revoke a prior will. Perhaps the individual divorced or got remarried and the original will no longer matches his or her intentions for the distribution of his or her estate. This raises the question of how does one effectively … Continue reading How Do I Revoke My Will?
My Parent Scribbled Some Instructions at the Bottom of the Will… Are the Instructions Valid and Enforceable?
Here is a common scenario: Your parents went to an attorney years and years ago and executed basic wills, leaving their respective estates to each other, then to their three children. A few years ago your father passed away and the entire estate passed to your mother. Following your father's death, relations between your mother … Continue reading My Parent Scribbled Some Instructions at the Bottom of the Will… Are the Instructions Valid and Enforceable?
What is a “Durable” Power of Attorney?
A power of attorney is an essential element of most estate planning. It authorizes another person, typically a spouse or child, to perform legal actions on your behalf. Examples of the type of authority in a normal power of attorney executed for estate purposes include making gifts, accessing safety deposit boxes, investing money, and filing … Continue reading What is a “Durable” Power of Attorney?
The Importance of Earnest,… When You’re Dead
by Thomas R. Beveridge, Esquire Prince Law Offices, PC (610) 845-3803 x81104 I once had the honor of being appointed as the executor of a close relative’s estate following his untimely passing. While the first several days were shadowed by sorrow and grief, friends and family soon bonded together to begin sorting through the thousands … Continue reading The Importance of Earnest,… When You’re Dead
New Member of the NRA Heritage Society
Today, it was my distinct honor and privilege to be inducted into the National Rifle Associations (NRA) Heritage Society. As I am not shy or embarrassed by my support of the NRA, I have no qualms about disclosing that I left 15% of my overall estate to the Civil Rights Defense Fund, commonly referred to … Continue reading New Member of the NRA Heritage Society
Who will walk your dog when you’re gone?
As a society, we’re known for our love of animals. The amount of money spent every year on our pets, including food, supplies, and toys now exceeds $41,000,000,000.00. There are approximately 72,000,000 domesticated dogs in the US. It’s not surprising that as a society, we’re considering the welfare of our companions once we’re gone. In … Continue reading Who will walk your dog when you’re gone?
Life Insurance and Estate Planning
Life insurance can be an effective tool in planning an estate. One benefit to having life insurance is that the money from a policy can be used by your survivors to help pay for bills at the time of death, such as funeral costs and taxes. I think one of the most important considerations in … Continue reading Life Insurance and Estate Planning
Prince Law Offices Blog 