married Late In Life

So You’re Getting Married Later-In-Life

Jennifer Walker Estate Law, Estate Planning, Marriage, Married Couples, Prenuptial Agreements, West Chester PA Estate Planning

A rapidly growing number of Americans are choosing to wed later. If you are one of the many individuals planning a later-in-life marriage, you should include a trip to your estate-planning attorney on the list of things to do before you say “I do.” What If I Don’t Need To Provide For My New Spouse? Individuals typically become more financially …

estate Planning FAQs

Estate Planning FAQ’s

Jennifer Walker Estate Planning, Medical Directives, Power of Attorney, Trusts, West Chester PA Estate Planning

Many people have some VERY wrong ideas about estate planning. And that’s understandable if you get your information from sources that, while well intentioned, may be simply repeating hearsay. These sources can usually include friends, neighbors, relatives, television, articles and, yes, even the internet. (I read it on the internet so it must be true, right?) Here are some of …

couple on beach

Estate Planning and Cohabitation

Jennifer Walker Estate Planning, Trusts, West Chester PA Estate Planning

While most Americans who live with a significant other are still getting married, many are choosing not to. For wealthy single people it often makes sense not to get married as marriage would result in a higher tax burden. Others simply do not see a need to get married. The Wills, Trusts & Estates Prof Blog recently published an article …

trust accounts peak legal group

Different Types of Trusts

Jennifer Walker Estate Law, Estate Planning, Trusts, West Chester PA Estate Planning

Trusts can be a bit confusing. Everyone knows the basics. Trusts are a legal entity managed by a trustee for the benefit of others. Beyond that, however, trusts can get murky as there are many different types of trusts that are sometimes confusing to non-experts. To help people overcome trust confusion, the Wills, Trusts & Estates Prof Blog recently published …

passing down private foundation

Passing Down A Private Foundation

Jennifer Walker Estate Planning, West Chester PA Estate Planning

With private foundations wealthy families and individuals can create a fund of money that can be invested with the proceeds going to good causes for generations. For those who want to make charitable giving a part of their estate plans, foundations provide a way to make that giving last. When the founder passes away, however, many private foundations have floundered …

american football

Planning Lessons from the World of Sports

Jennifer Walker Estate Law, Estate Planning, Family Business, West Chester PA Estate Planning

Most of the time when a family is forced to sell its business, it is not big news. However, there is an exception for teams in major sports leagues. Recently, we have seen the forced sale of the Los Angeles Clippers because the owner’s racist rant came to light. The Los Angeles Dodgers were recently sold in part because of …

Mr Cub’s Will Contested

Jennifer Walker Estate Law, Estate Planning, Trusts, West Chester PA Estate Planning

Before passing away, Ernie Banks suffered a protracted illness. During that time he was cared for by a friend, Regina Rice. Initially, Banks’ family praised Rice and thanked her for looking after the baseball player in his last months. However, it did not take very long after the funeral for the family and Rice to get involved in two disputes. …

digital estate

Estate Planning for the Digital Era

Jennifer Walker Digital Assets, Estate Planning, West Chester PA Estate Planning

Are you familiar with the notion of a digital estate? What happens to your online bank accounts, emails, social media and your entire digital presence on the web when you pass away? Imagine a world without you in which your heirs cannot access your digital assets. They cannot access your e-mails, either practically or legally, to get to important legal …

American Sniper’s Estate in the Crosshairs

Jennifer Walker Estate Law, Estate Planning, West Chester PA Estate Planning, Wills

While alive, Chris Kyle told friends and business associates that he viewed any profits from his memoir American Sniper as “blood money.” The legendary Navy SEAL, whose account of his four tours of duty in Iraq was adapted into the Clint Eastwood movie that is up for six Oscars including best picture, maintained that he wanted the money to go …

What’s a Durable Power of Attorney?

Jennifer Walker Estate Law, Estate Planning, Power of Attorney, West Chester PA Estate Planning

A durable power of attorney (POA) enables you to appoint an “agent,” such as a trusted relative or friend, to handle specific health, legal and financial responsibilities. There are two types of power of attorney: POA for healthcare: Gives a designated person the authority to make health care decisions on behalf of the person. POA for finances (and other matters): …