Pros: It is not subject to cancellation unless the premium is not paid It endures for the life of the policy holder It is a type of investment Tax benefits may apply Cons: It is expensive Commissions and... Continue Reading
The trial court properly sustained executrix’ preliminary objections and dismissed appellant’s petition for declaratory judgment because §2507 of the probate code specifically dealt with birth or adoption after the parent... Continue Reading
In Pennsylvania, probate is the legal process that happens after a person (the “decedent”) dies, regardless of whether the person died with or without a valid will. If a decedent dies with a will, then their property is... Continue Reading
A trust cannot be amended by its beneficiaries to allow for the removal and replacement of a trustee without judicial approval, the Pennsylvania Supreme Court has ruled. In a unanimous July 19 decision in Trust Under Agreement... Continue Reading
A “no-contest” or “in terrorem” is a provision in a will or trust that would reduce or eliminate the interest of a beneficiary who initiates an action to contest the validity of the will or trust. Pennsylvania allows... Continue Reading