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September 2019 Archives

Wills and trusts both common in estate planning

It is common practice in Pennsylvania for an estate plan to have a will along with one or more trusts. In most cases, one or the other of the instruments will be more important to the plan, and most of the person's assets will pass through it on his or her death. One of the major distinctions is that assets that are owned in the person's name typically pass via the will; in order to pass via a trust, the asset must first be put in the name of the trust.

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