Many Pennsylvania business owners are aware of the possibility that their business will not generate enough profit to warrant staying open. Even business owners who are successful may want to pursue other endeavors or to spend time with family. Business owners who...
Year: 2022
What do personal representatives do during probate?
When loved ones pass away in Pennsylvania it can be a difficult time in people’s lives. There is certainly a mourning period that people go through as they start their lives without the loved one’s love and support in their lives. However, while families are going...
Contesting a will in Pennsylvania
One of the principal reasons for making a will in Pennsylvania is to avoid conflict among potential heirs by resolving all questions about the distribution of assets. Unfortunately, even a carefully drafted will may offend certain family members who thought they would...
Choose the right form for your new business
When you are starting a new business, you may be paying attention to your products and services, your business partners and employees, your potential customers and many other factors. All of those things are more than enough to keep you busy. However, it’s also...
What is the purpose of a will?
People often put off thoughts of future planning in the event that something might happen to them. Taking steps to ensure that your assets go where you want them to can make a lot of sense, though, if you want to help secure a financial future for your loved ones....
The different types of powers of attorney
When it comes to estate planning, there are many different options available to achieve the results you want. Some options will be more or less important to different people and at different times during their lives. A power of attorney is a tool which can be useful...
Can a government agency terminate my contract at will?
Obtaining a government contract will be seen as a boon to many businesses. After all, it can provide a steady and reliable income stream not always found in private contracts. But government contracts are not without their potential drawbacks, as evidenced by the...
Planning for the possibility of incapacity
Estate planning can mean considering some unpleasant topics. One of these is the possibility of incapacity. In other words, this means coming up with a plan for what should happen if one day you are unable to make important decisions on your own. While this may be an...
The importance of succession planning
No matter if a company is small, new and a start-up or one that is large and has been in operation for decades, certain business planning should take place to ensure the longevity of the company. A CEO and other executives of a company are imperative to the successful...
Can a will that was revoked or deemed invalid be revived?
For Pennsylvanians who are thinking about the future and want to be prepared, creating an estate plan is a wise step. The most basic type of estate planning document is a will. Many might think that once a will is completed, it is unlikely that changes will be...