Almost every attorney does estate administration, but I want to explain something about the way I handle estate administrations that I believe is different.
When a death occurs, it’s normal to wonder – and even worry – about the expense of memorializing a loved one, even though we are grieving. The costs of goods and services are making headlines every day recently.
Scammers targeting seniors in the Reading-Berks County area don’t take off for the holidays; in fact, these are prime times to take advantage of the… Read More »What to Know About Financial Exploitation of the Aged
The definition of “ombudsman” is “one that investigates, reports on, and helps settle complaints,” according to Merriam-Webster. The term comes from the Swedish language and… Read More »Ombudsman Services Provided by Berks County Area Agency on Aging
The Department of Aging is warning Pennsylvania seniors, their families, and caregivers about a new scam targeting older adults. DNA testing has become extremely popular… Read More »PA Department of Aging Warns Seniors of Genetic Testing Scam
Charitable donations have the dual purpose of saving taxes and supporting valued causes. For individuals with substantial estates, this could mean hundreds of thousands of dollars in tax savings. Charitable trusts are an ideal way to accomplish this goal. The rationale for the different treatment of charitable trusts is that society wants to encourage charitable giving.
Typically, the same rules that apply to formation and governance of a private trust apply to charitable trusts. The primary differences include that charitable trusts must benefit a charitable purpose, that a charitable trust is exempt from the rule against perpetuities and is therefore easily modified, and that the state attorney, rather than ascertainable beneficiaries, is the primary party with standing to enforce a charitable trust.
Suitable charitable purposes include objectives like the relief of poverty (giving of property to help the poor), the advancement of Read More »What is charitable giving – and is it right for you?