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Estate Planning › Probate › Joint Accounts

Estate Planning is a process where individuals prepare or plan for the settlement of their personal affairs in the event of incapacitation or death. Estate plans typically include provisions relating to the... more +
Estate Planning is a process where individuals prepare or plan for the settlement of their personal affairs in the event of incapacitation or death. Estate plans typically include provisions relating to the disposition of assets, guardianship of minor children, and appointment of representatives to make medical and financial decisions. Effective estate planning can decrease tax liability and facilitate the probate process.  less -
Stark & Stark

The Hidden Dangers of Joint Bank Accounts in Pennsylvania Estate Disputes

Stark & Stark on

Joint bank accounts are often viewed as a convenient way to manage finances or pass assets seamlessly upon death. However, in Pennsylvania estate disputes, joint accounts can become a major source of conflict among heirs and...more

Jaburg Wilk

The Dangers of Joint Bank Accounts

Jaburg Wilk on

Adding an adult child as a joint owner of a parent’s bank account seems like a simple and straightforward solution that allows the child to help care for mom or dad without the expense or hassle of preparing powers of...more

Chambliss, Bahner & Stophel, P.C.

Three Reasons Why Joint Accounts May Be a Poor Estate Plan

Chambliss, Bahner & Stophel, P.C. on

Many people, especially seniors, see joint ownership as an easy way to avoid probate and plan for incapacity, but there are major drawbacks to joint accounts. When people own property as joint tenants each person has an...more

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