If you’re planning your estate in Pennsylvania, one of the biggest decisions you’ll face is whether to use a will, a trust, or both. Each tool serves a different purpose and offers unique benefits. Understanding the differences can help you make the right decision for your family and financial future. At Petrelli Previtera, we guide […]
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We live much of our lives online, from storing family photos in the cloud to managing cryptocurrency wallets and online businesses. But when someone passes away, these digital assets often go unclaimed, inaccessible, or even lost forever. Digital estate planning helps ensure that your online accounts and digital property are preserved, protected, or passed on […]
Continue readingTrusts are often seen as a smart way to avoid probate, protect assets, and ensure a smooth transfer of wealth. But even with the best planning, trust administration can become complicated—and fast. At Petrelli Previtera, we’ve helped families in Philadelphia navigate the challenges of trust administration. Whether you’re acting as a trustee or a beneficiary, […]
Continue readingWhile probate is a necessary legal process for many estates, it can be time-consuming, expensive, and emotionally draining. Thankfully, a well-structured trust can help your family avoid probate entirely. At Petrelli Previtera, we work with individuals and families across Philadelphia to avoid probate and simplify the transfer of wealth. We often see costly errors that […]
Continue readingPlanning for the Unexpected with a Durable Power of Attorney When it comes to estate planning, a Power of Attorney is one of the most powerful tools to ensure your affairs are handled smoothly if you’re unable to make decisions. Including a PoA in your estate plan ensures someone you trust can step in and […]
Continue readingEstate planning is a crucial step in securing your financial legacy and ensuring your loved ones are taken care of after you’re gone. For residents in Pennsylvania and New Jersey, an irrevocable trust could be a pivotal element of a well-structured estate plan. This guide explores the basics of irrevocable trusts, their benefits, and how […]
Continue readingA revocable trust is a powerful tool in estate planning, offering flexibility and control over your assets during your lifetime and ensuring they are distributed according to your wishes after your passing. This guide will walk you through the basics of revocable trusts, their advantages and disadvantages, and when they might be the best choice […]
Continue readingSetting up a living trust in Pennsylvania can be a key step in your estate planning process. A living trust, particularly a revocable trust, offers unique advantages that can protect your assets, provide privacy, and ensure your wishes are carried out with minimal court interference. This guide will walk you through the purpose of a […]
Continue readingNavigating the probate court process can be complex and emotionally challenging, but understanding what probate court is and when your case may end up there can help you prepare. In this guide, we’ll break down the essentials of probate court, what types of cases typically go through probate, and how to get ready for your […]
Continue readingUnderstanding the Probate Litigation Process Probate litigation often arises when there are disputes over a will or the administration of an estate after someone passes away. It’s not just a legal process; it’s a deeply personal matter that can bring long standing family tensions to the surface. Imagine a scenario where a loved one’s will […]
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