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SECURE Act 2.0
The SECURE Act 2.0, formally known as the Securing a Strong Retirement Act, is a piece of legislation that aims to build on the original Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019. The purpose of this legislation is to provide additional opportunities for Americans to save for retirement and to make retirement plans more accessible and flexible.
Surcharging Executors
Surcharging an executor or administrator is a legal action that holds them financially responsible for losses to the estate due to mismanagement, negligence, or intentional wrongdoing. This accountability mechanism ensures that executors adhere to their fiduciary duties, acting in the best interest of the estate and its beneficiaries.
HICPA Guide for Homeowners and Contractors
The Pennsylvania Home Improvement Consumer Protection Act (HICPA) is a comprehensive piece of legislation designed to regulate the conduct of home improvement contractors within the Commonwealth of Pennsylvania. The primary goal of HICPA is to protect homeowners and ensure fair practices in the home improvement industry.
Seller's Disclosure in Pennsylvania Real Estate Transactions
The Pennsylvania Real Estate Seller Disclosure Law mandates sellers to disclose any known material defects that are not readily observable, covering a wide spectrum of issues from structural problems to pest infestations, and includes both historical and current defects.
How To Serve As Executor
Serving as an executor is a significant responsibility that many individuals face at some point in their lives. The executor must balance their personal feelings with their legal duties to the estate and its beneficiaries, while also providing support to grieving beneficiaries.
Do I Actually Need a Trust?
The suitability of a trust for Pennsylvania residents requires a comprehensive evaluation of individual circumstances and estate planning goals. If your goal is tax planning and probate avoidance, a Will is likely more appropriate unless you are likely to be subject to the federal estate tax.