Perna and Abracht is a full service law firm helping clients in the areas of Business law, Family law, Divorce, Personal Injury, Estate Planning and Administration, Workman's Compensation and Real Estate.

Perna and Abracht is a full service law firm helping clients in the areas of Business law, Family law, Divorce, Personal Injury, Estate Planning and Administration, Workman's Compensation and Real Estate.

Perna and Abracht is a full service law firm helping clients in the areas of Business law, Family law, Divorce, Personal Injury, Estate Planning and Administration, Workman's Compensation and Real Estate.

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Showing posts with label Estate Administration Lawyers. Show all posts
Showing posts with label Estate Administration Lawyers. Show all posts

Monday, July 22, 2024

Understanding Pennsylvania's Intestate Succession Laws in Estate Administration

estate planning law firm

Intestate succession refers to the legal process that determines how a deceased person's assets are distributed if they die without a valid Will. In Pennsylvania, intestate succession laws are designed to ensure that the deceased's estate is distributed fairly among their heirs. This article will provide an overview of Pennsylvania's intestate succession laws and explain how estate administration lawyers can assist in navigating this process.

What is Intestate Succession?

When a person dies without a Will, their estate is considered "intestate." Pennsylvania's intestate succession laws dictate how the deceased's assets are distributed among their surviving relatives. The distribution process is handled through probate administration which involves validating the deceased's estate, paying-off debts, and distributing the remaining assets according to state law.

Intestate Succession Order in Pennsylvania

The order of inheritance in Pennsylvania follows a specific hierarchy:

     Spouse and Descendants: If the deceased is survived by a spouse and children, the spouse typically receives the first $30,000 of the estate and half of the remaining assets. The children receive the other half.

     Spouse and Parents: If there are no children, but the deceased is survived by a spouse and parents, the spouse receives the first $30,000 and half of the remaining estate. The parents receive the other half.

     Children Only: If there is no surviving spouse, the children inherit the entire estate equally.

     Parents Only: If there is no surviving spouse or children, the parents inherit the estate equally.

     Siblings and Their Descendants: If there are no surviving spouse, children, or parents, the estate goes to the siblings or their descendants.

Role of Estate Administration Lawyers

Navigating intestate succession can be complex, particularly when disputes arise among heirs or when the estate includes significant assets. Estate Administration Lawyers play a crucial role in managing these challenges. They ensure that the estate is administered according to state law and that the deceased's wishes, as far as they can be determined, are honored.

Steps in Probate Administration

Probate administration involves several key steps:

1.   Filing the Petition: The process begins with filing a petition in the appropriate court to open probate.

2.   Appointing an Administrator: If there is no Will, the court appoints an administrator to manage the estate.

3.   Inventory and Appraisal: The administrator compiles a detailed inventory of the deceased's assets and obtains appraisals as needed.

4.   Paying Debts and Taxes: The estate's debts and any applicable taxes are paid from the estate's assets.

5.   Distributing the Assets: The remaining assets are distributed to the heirs according to Pennsylvania's intestate succession laws.

Importance of Professional Guidance

Working with an experienced estate planning law firm can provide invaluable assistance throughout the probate process. These professionals ensure that all legal requirements are met and that the estate is administered efficiently. Additionally, they can help mitigate potential disputes among heirs and provide guidance on complex legal issues.

Benefits of Having a Will

While intestate succession laws provide a framework for distributing assets, having a valid Will offers numerous advantages:

     Control Over Distribution: A Will allows you to specify how your assets should be distributed, ensuring that your wishes are honored.

     Appointing a Guardian: If you have minor children, a Will allows you to designate a guardian for their care.

     Minimizing Disputes: Clearly outlining your wishes in a Will can help prevent disputes among your heirs.

Take Action to Protect Your Estate

Understanding and navigating Pennsylvania's intestate succession laws can be challenging. Whether you need assistance with probate administration or wish to create a comprehensive estate plan, our Pennsylvania Wills Lawyers can help. We can provide the expertise and support you need to ensure that your estate is managed according to your wishes and the law.

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