Author name: Peak Legal Group

What Is a Collaborative Divorce in Pennsylvania? The dissolution of a marriage does not need to be a battleground. If you are facing divorce in Pennsylvania, it may not be necessary to resolve issues such as child custody, child support, alimony, and property division through the court. In a collaborative divorce, both spouses and their […]

What Is a Qualified Personal Residence Trust? A qualified personal residence trust (QPRT) is a type of irrevocable living trust designed to minimize estate and gift taxes. It is a popular estate planning technique used to reduce the value of the grantor’s estate. A properly structured QPRT freezes the value of the grantor’s residence at

What Is a Prenuptial Agreement? Also known as a premarital agreement, a prenuptial agreement (prenup) is a legally binding written contract entered into between two people before their marriage. The agreement lists each party’s property and debts and specifies rights to that property in case the marriage dissolves, or one of the parties dies. State

Are Alimony and Spousal Support Awarded in Pennsylvania Divorces? Under the Pennsylvania Consolidated Statutes, Title 23, Chapter 37, Alimony and Support, the court may award alimony to either spouse in a divorce as it deems reasonable and if it finds it necessary. Three types of support are possible for spouses: Spousal support: Payments made by

What Role Do Trusts Play in Estate Planning? A trust is a written fiduciary agreement in which a third party, called a trustee, holds assets on behalf of one or more beneficiaries. Trusts are governed under the Pennsylvania Consolidated Statutes, Title 20, Chapter 77. Trusts may be constructed in many different ways to control exactly

What Is the Purpose of a Last Will and Testament? A last will and testament, commonly referred to as a will, is a legal document that details your wishes regarding your estate. It provides specific instructions about what is to be done with your property and assets after you die. A will may also address