Williamson & Williams - Attorneys at Law - Media, PA

  • Welcome
  • Attorneys
  • Practice Areas
    • Real Estate
    • Short Sale or Deed in Lieu of Execution
    • Mortgage Loan Modification
    • Mortgage Problems
    • Mortgage Foreclosure Defense
    • Business Law
      • Incorporation or Organization as a Limited Liability Corporation (LLC)
      • Business Succession
      • Mergers and Acquisitions
      • Business Counseling & Advice
      • Contracts & Commercial Transactions
      • Business Litigation Representing Plaintiffs and Defendants
    • Construction Law
    • Credit Card & Other Debt Collection Defense
    • Bankruptcy
      • Bankruptcy FAQ’s
      • What is Bankruptcy and What It Can do for You
      • Is Bankruptcy the Right Solution?
      • What is the Automatic Stay and How Does it Protect You from Your Creditors?
      • What is the Property of the Estate and Who is the Trustee?
      • What are Exemptions and How do they Help You to Keep Your Property?
      • What are Debt and Creditor Classes?
      • Chapter 7 Bankruptcy
      • Chapter 13 Bankruptcy
    • Wills, Living Wills, Powers of Attorney, Estate Administration
      • Why You Need a Will
      • Wills & Estate Planning
      • Will Probate and Estate Administration
      • Durable Power of Attorney
      • Living Will – Health Care Power of Attorney
  • Resources
  • Terms and Conditions
  • Privacy Policy
Home » Wills & Estate Planning

Wills & Estate Planning

 

When you make a Will, you take control of every aspect of what will happen to your property when you die, and if you have a large estate, what death taxes your estate can save, depending upon how the will is drafted.  You can name the Guardian of your choice to care for surviving minor children.

You can create within the Will or in a separate Trust document a trust to hold property inherited by minors until they reach an older age decided by you. The person who manages a Trust is known as a Trustee.

When you make a Will, you appoint a trusted friend or family member to serve as the Executor (male) or Executrix (female), (either can be referred to as a Personal Representative) who has the responsibility of carrying out your wishes expressed in your Will, distributing your estate as your Will directs, and paying your Pennsylvania Inheritance Tax, and in the case of larger estates, your Federal Estate Tax. An Estate Administrator is one who replaces an Executor or Executrix who dies before your Estate Administration, also known as Probate, is completed. You can name such an alternate in your Will, and if all the alternates have pre-deceased you, the Court will appoint an Administrator, generally in the order of your survivors listed as intestate survivors above.

You may have other wishes to express in a will, rather than leaving your survivors wondering what you desire.

 

Reasons to Make a Will:

  • You want to make sure your spouse inherits whatever portion of your estate you desire (but not less than the intestate share of a decedent’s surviving spouse provided for in the Probate, Estate, and Fiduciary Code, described above.) Many people want to leave all or most of their estate to a surviving spouse, which may not happen under the Code if you do not have a will.
  • You may want to leave all or part of your estate to a close friend or significant other who is not a spouse. You can do this with a Will, but NOT without one. Pennsylvania no longer recognizes common law marriages. Even if you present a significant other to the public as your spouse and the two of you do not have a marriage license, that significant other will not be treated as a spouse under the Pennsylvania law of intestate succession contained in the Code.
  • You may want to leave part of your estate to a charity, which provides a tax deduction under both the Pennsylvania Inheritance Tax and the Federal Estate Tax.
  • You may want to leave part of your estate to a charity, which provides a tax deduction under both the Pennsylvania Inheritance Tax and the Federal Estate Tax.
  • You may want to leave money in trust for surviving pets, and appoint a caregiver.

 

Making a Will is the first step in estate planning, and we are here to help you do that. Just give us a call to make an appointment.

Search

Contact Information:

323 E. Front Street
Media, Pennsylvania 19063

(610) 565-8909

Office hours by appointment

Practice Areas

  • Real Estate
  • Short Sale or Deed in Lieu of Execution
  • Mortgage Problems
  • Mortgage Loan Modification
  • Mortgage Foreclosure Defense
  • Business Law
    • Incorporation or Organization as a Limited Liability Corporation (LLC)
    • Business Succession
    • Mergers and Acquisitions
    • Business Counseling & Advice
    • Contracts & Commercial Transactions
    • Business Litigation Representing Plaintiffs and Defendants
  • Construction Law
  • Bankruptcy
    • Bankruptcy FAQ’s
      • Bankruptcy – What it is and What it can do for You
      • What is the Automatic Stay and How Does it Protect You from Your Creditors?
      • Is Bankruptcy the Right Solution?
      • What are Exemptions and How do they Help You to Keep Your Property?
      • What is Property of the Estate”?
      • What are Debt and Creditor Classes?
    • Chapter 7 Bankruptcy
    • Chapter 13 Bankruptcy
  • Consumer Debt
  • Credit Card & Other Debt Collection Defense
  • Wills, Living Wills, Powers of Attorney, Estate Administration
    • Why You Need a Will
    • Wills & Estate Planning
    • Will Probate and Estate Administration
    • Durable Power of Attorney
    • Living Will – Health Care Power of Attorney
  • Welcome
  • Terms and Conditions
  • Privacy Policy

Williamson & Williams, PLLC is a debt relief agency. We help people and businesses file for relief under the Bankruptcy Act.

The material on this website has been prepared by Williamson & Williams, PLLC, for informational purposes only.

This material does not constitute legal advice and does not create any attorney-client relationship between you and Williamson & Williams, PLLC.

© 2009–2021 Williamson & Williams PLLC