By Leonard Sciolla, LLP | Published April 30, 2020 | Posted in estate planning | Comments Off on Remote Notarization
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Category Archive
estate planning
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Remote Notarization
In our Virtual Estate Planning Blog, we pointed out that Wills need to be notarized to be self-proving and Financial Powers of Attorney need to be witnessed notarized to be effective. The notary statutes in both Pennsylvania and New Jersey require that the person signing the document appear before the notary. The physical appearance requirement Read More
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Virtual Estate Planning Services
In these times of crisis, many may only just now be realizing that they do not have all of their estate planning and other end-of-life documents in order. Everyone should at least have an executed and up to date Last Will and Testament. Your Last Will and Testament tells the world to whom your belongings Read More
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THE SECURE ACT AND ITS PROBABLE EFFECTS
On May 23, 2019, the House of Representatives passed the Setting Every Community Up For Retirement Enhancement (SECURE) Act 417-3, with 12 abstentions. This bill represents the largest change in retirement savings since the 2006 Pension Protection Act. The Senate previously had a companion bill, the Retirement Enhancement and Savings Act, but is now expected Read More
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Estate Planning
We spend many years going to school and then pursuing a job, a family, or both. Hopefully, the student loan debt is satisfied and we begin to accumulate property. It may be a house, a rental property, a vacation property, furniture, jewelry or motor vehicles. Even if you do not have all of those items Read More
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It may not be Russell Wilson’s stock gift, but your gift to your kids can have tax consequences.
After signing his record contract, Russell Wilson gave $12,000 in Amazon stock to each of his linemen to saying it was his investment into their lives. Many people want to make a similar investment in the lives of their family members or help in a time of need. However, careful planning is crucial to avoid Read More
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Provide protections for your pet after your death
You may think you have considered everything when it comes to your estate planning, but if you own any animals, what will happen to them in the event of your death? One option in New Jersey and Pennsylvania is to establish an animal trust. An animal trust in Pennsylvania can be put in place while Read More
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Aretha Franklin Highlights Importance of Wills
Queen of Soul Aretha Franklin died on August 16, 2018 without a will. According to Michigan law, Franklin’s four sons will divide her large estate equally. The AP reports no conflicts have arisen among her family members, but it is expected to take years to establish the value of her estate. Two years after his Read More
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A Case Against Inter Vivos Transfers
Proceed with caution when considering an inter vivos transfer of your home or property to a child or loved one: the consequences can be critical. Some people choose to transfer the title of their home to their child during their life instead of leaving it to their child in a will. The parent then continues Read More
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Estate Planning in the Digital Age
Estate planning has become more complicated in this digital age; there is more than just physical property that needs to be dealt after death. What happens your digital assets after your death can affect your loved ones emotionally as well as financially. Take a moment to think: how many online accounts do you have? It Read More
Read MoreTax Amnesty Program
If you failed to pay real estate taxes, corporate taxes, or inheritance and estate taxes prior to December 31, 2015, the Pennsylvania Department of Revenue (“PA DOR”) is giving you the chance to do so under its Tax Amnesty Program. The Amnesty programs runs between April 21, 2017 and June 19, 2017. During that time, Read More
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