Berman & Asbel, LLP

March 2015 Archives

Right to wed doesn't mean all same-sex couples should

Same-sex marriage is currently legal in most states, including Pennsylvania, and the District of Columbia. Indeed, the shift has happened so fast and acceptance has been so broad that the issue almost seemed to be in simmer mode until the religious freedom law in Indiana sparked it back to a high rolling boil.

Death is inevitable. Taxes don't always have to be

Pennsylvania is one of only 16 states, along with the District of Columbia, that seeks to impose taxes on inheritances. What that means is that one of the challenges in developing solid estate plans is understanding the tax landscape not in the here and now, but in the future, after you are gone.

Does global mobility put weight of the world on expat couples?

Marriage takes work. Any couple that has stuck it out will likely tell you that. So many things can put stress on the partners. Moving away from the couple's hometown to another state has been known to throw a wrench into the works. Imagine what the tensions might be if you happen to become expatriates, moving yourselves and your family to a foreign country for work.

Ways to avoid having your will contested

A will is an essential estate planning tool that protects your wishes and your assets. It can also provide critical direction for the loved ones left behind because without one, distribution of your assets can be left open to interpretation. Without a will, the courts will decide what happens with your estate, and this can be difficult if there is already some contention among your loved ones.

In estate planning, be sure life insurance benefits are counted

More and more people seem to get that it's important to have an estate plan. Regardless if you are a well-heeled Pennsylvania resident or one of somewhat lesser means, if you have assets you want distributed in a particular way in the event something happens to you, you need a will.

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