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Veteran’s Benefits Can Help With Assisted Living Costs

Many clients prefer to remain in an assisted living setting rather than make the move to a nursing home. The Veteran’s Administration Aid and Attendance Benefit can help extend your or your family member’s stay in an assisted living facility and delay the transition to a nursing home. Assisted living facilities cannot receive Medicaid payments …

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How Important is a Trustee in a Special Needs Trust?

The trustee of any trust is an important position. In special needs trusts the trustee has sole discretion to decide what the beneficiary, your disabled loved one, needs and what can be distributed under state laws or federal regulations without disqualifying the beneficiary. They may spend quite a bit of time at the job in order …

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Did You Pick The Wrong Trustee For Your Spouse Kids or Grandchildren?

Did You Pick The Wrong Trustee Under Your Will or Revocable Trust? A Quick Guide To Fixing This Mistake And Updating That Old Will Or Trust First, What is a Trustee? A trustee is named in the trust to manage and oversee the trust.A trustee has the ability to make decisions regarding the assets …

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Inheritance Tax Waiver on Investment Account

What are Inheritance Tax Waivers? During an estate administration process there are probate and non-probate assets. Non-probate assets typically transfer with ease to the surviving joint owner or named beneficiary. Now there may be an unexpected additional requirement that can slow the transfer process. Investment accounts such as stock, bond or mutual fund accounts owned …

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Why Your College Student Needs To Do A Power Of Attorney Over Spring Break!

Spring Break is almost here and your college age students will be homeward bound.   Utilize this time to get your son or daughter a power of attorney. Why? If you do not have a power of attorney for your child who is 18 or older you do not have the ability to make financial or …

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Who Will Take Care of Your Disabled Child When You are Gone?

Special Needs and Supplemental Needs Trusts Are The Vital Tool To Protect Our Loved Ones When We No Longer Can A special needs trust or supplemental needs trust is a way to provide for your disabled child or disabled loved ones quality of life. The great thing about this type of trust is your child …

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Roll Back Taxes and Natural Gas Leases

As previously discussed, we have many clients who have found themselves in the midst of the Oil and Natural Gas craze that has swept through Pennsylvania (PA). As I have come across nuances in the leasing process and potential pitfalls I have tried to apprise you of them. Recently, we had a client who …

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Avoiding Pennsylvania Trustee Mistakes Part Ten of Ten

How To Avoid The Most common Mistakes Trustees Make Failing To Do The Job Of Trustee by: Pennsylvania Attorney David M. Frees III This is the last in our series of brief articles about the most common  mistakes trustees make and how to avoid them. It is important to understand the language of …

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Avoiding Pennsylvania Trustee Mistakes Part Nine

How To Avoid The Most Common Mistakes Trustees Make Failing To Understand The Role Of Multiple Trustees by: Pennsylvania Attorney David M. Frees III One very big mistake trustees make is failing to understand their role as a trustee among trustees. It is important to understand what a trustee is and what duties …

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Avoiding Pennsylvania Trustee Mistakes Part Eight

    How To Avoid The Most Common Mistakes Trustees Make Failing To File Tax Returns Or To Seek Professional Assistance by: Pennylvania Attorney David M. Frees III Too many trustees have been sued for failing to properly administer or invest trust assets under Pennsylvania law. Pennsylvania has recently become more highly regulated from …

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meet our elite team
West Chester, PA
17 West Gay Street
P.O. BOX 515
West Chester, PA 19380
(610) 692-1371
Phoenixville, PA
120 Gay Street
P.O. Box 289
Phoenixville, PA 19460
(610) 933-8069