1. Digital Asset Management In today’s digital age, assets are no longer confined to physical or traditional financial accounts. Digital assets include: Challenges: Without a clear plan for digital assets, families often face challenges accessing or managing these accounts after a loved one’s death. Privacy laws and platform-specific policies can complicate matters further. Strategies: 2.
What is the Corporate Transparency Act (CTA)? The Corporate Transparency Act (CTA) is a new federal law aimed at combating financial crimes such as money laundering, tax evasion, and fraud. Under this legislation, certain businesses—including most LLCs (Limited Liability Companies)—must disclose information about their “beneficial owners” to the U.S. Treasury Department’s Financial Crimes Enforcement Network
Why Estate Planning is Essential for Your Family’s Future No one likes to think about the end of life, but proper estate planning ensures your loved ones are cared for and your legacy is protected. At Crosson & Richetti, we specialize in creating personalized estate plans that safeguard your wealth, honor your wishes, and bring
It is not uncommon for more than 30,000 divorces to occur in the state of Pennsylvania each year. Divorcing your spouse is a difficult task, but adding in children makes it even harder. Ideally, the divorcing couple can reach a mutually beneficial custody agreement. After all, it is important for both parents to play an
Around 60% of Americans have no will or trust to speak of. This can make matters quite complicated after they pass. Even still, a will comes with plenty of legal tape. For instance, you might be wondering, “How long is a will valid after death.” The more you know about wills, the more informed you’ll
TV and movies often exaggerate the experience of criminal cases. There is one part where they’re not too far off; the feeling of being arrested. It is a lonely and frightening experience. You’re trapped and it seems like no one’s on your side. Getting an experienced professional to help with your case as quickly as
There were 689,308 divorces in the U.S. in 2021. While some divorces don’t involve children, many do. When kids are a part of a divorce, the couples must make custodial arrangements. However, there are different types of custodial arrangements. Two are most common: sole custody vs. legal guardianship. Do you know the differences between these?
The divorce rate in the US sat at 6.9 divorces per 1,000 women in 2021. No matter how things are handled, divorces are never easy. There can be a lot of tension and various disagreements. Things become more complicated if there are children involved. If you and your partner are separating, you might not be
Have you heard that there are around 210,000 estate planning lawyers throughout the United States? Estate planning is something that often gets overlooked until it’s too late. It involves making arrangements for the distribution of your assets and belongings after your passing. This is a crucial step to make sure that your loved ones are
For every 1000 people in the US, approximately two are divorced or in the process of getting a divorce. Are you one of them? If so, you may be preparing to sign a legally-binding divorce agreement. As common as divorce is, it may surprise you that the process of getting a divorce can be complicated
There are now over 60,300 family law and divorce firms employing over 71,700 professionals in the US. Though help is only a call away, many people don’t recognize when they should call a family lawyer. Do you? Here are five telltale signs you should call a lawyer. After reviewing this guide, you can make a
Splitting up from your spouse is always going to be an emotionally and financially complicated situation. While most couples will share assets, referred to as marital assets, what exactly is a high-asset divorce? After all, divorces are pretty commonplace in the USA. According to the Centers for Disease Control and Prevention (CDC), the number of
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