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Be Prepared – To Save Yourself Money with Wills & Estates
Attorney Jonathan Kozusko explains why you need to be prepared when it comes to estate planning and wills.
Living Trust Seminars
Living trust seminars are marketing tools often pitched to help you “avoid probate.” While living trusts are a valid estate planning tool when used as part of a larger estate plan, most people do not need to use them, and doing so may even complicate matters.
Get Your Files Together
Organizing all accounts, gifts, and safe deposit boxes can have financial benefits. The personal representative is responsible for paying taxes of the estate, and if he cannot locate your accounts and information in a timely fashion, significant financial penalties can be imposed.
Adding Loved Ones to Your Accounts for Convenience
Trying to help an elderly loved one by adding them to your checking account? Think again; doing so will subject the joint account to a Pennsylvania Inheritance Tax liability at their death.
Be A Bargain Shopper
If you have been named as an executor, do not feel obligated to hire the attorney who drafted the will for administration of the estate. Shop around, the legal business should be held to the same standard as all other businesses.
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About The Quarter Roll Financial Entertainment Magazine
Headquartered in the suburbs of Pittsburgh, The Quarter Roll Financial Entertainment Magazine is the only magazine that gives you financial entertainment. The mission of The Quarter Roll is to help readers get a quarter more for every dollar by providing personal finance tips, advice, and stories in an easy to understand and entertaining format. More information about The Quarter Roll can be found at www.TheQuarterRoll.com.