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 WILLS & ESTATES
 
  Wills are basically a written testament as to how a person before death wishes his or her assets and property to be distributed after death. The will indicates to whom and in what proportions his property and assets will go to upon his death. With a will a party insures that their wishes will be complied with after their death. Typical issues covered in a will could include who will run a family business, who will be appointed tutor or guardian of minor children and who will be appointed to administer your estate. Most parties should have a will, unless they do not care what happens after their death. Wills are important due to the fact that in the absence of a valid will the State of Pennsylvania will make all the provisions as to the division of your property.

When a person dies, there must be an orderly procedure to determine what happens to his property and assets. In Pennsylvania this procedure is called a succession. The succession determines the transmission of the deceased person's estate to the successors. The deceased person's estate is transmitted to the successors immediately upon death, but the successors do not have the right to possess the property until a succession is done. There are two types of successions -- testate and intestate. Testate is when the deceased person left a valid will stating who gets what and in what proportions. Intestate successions are when the deceased person left no valid will and Pennsylvania State law determines who gets what and in what proportions.

To discuss the making of a will or if you find yourself in the situation where you have to have a succession opened, please contact us for a free consultation by our estate planning lawyers.
 

At Munley, Munley & Cartwright, our goal is to provide exceptional legal services to our clients. We strive to achieve the highest standard of excellence for the protection of individual rights through team work and the use of our considerable resources and experience. For a free consultation regarding your legal concerns, please submit the below, or call us at: 1-800-318-LAW1



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Will & Estate Planning Wills & Estate Settlement Living Wills Example Living Will [PDF] Difference Between Wills and Living Trusts Creating Your Will Example Will Power of Attorney General Power of Attorney Form Durable Power of Attorney

Robert W. Munley Marion Munley Matthew A. Cartwright J. Christopher Munley Daniel W. Munley Robert W. Munley, III Julia K. Munley Caroline Munley View All Attorneys

American Bar Association: Estate Planning Resources National Association of Financial & Estate Planning US Estate Planning Law


 

 
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