Wealth Preservation, Trusts and Estates

By creating a trust, you are stating your wishes
as to how you would like your assets and
possessions distributed. Many trusts have
a series of specific gifts. However, you
should be sure that your trust also contains a
residuary clause to best protect the distribution
of your assets. Please click here, for more information
as to why it is important to have a residuary clause
within your trust.

David M. Frees, III
888-606-8498
dfrees@utbf.com

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A residuary clause disposes of any property
or assets that were not previously accounted
for in the will. Please click here, to see why it is
important to include a residuary clause within your
will.

David M. Frees, III
888-606-8498
dfrees@utbf.com

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What Legal Fees and Debts Get Paid First?

Pennsylvania law provides an order in which
certain expenses, taxes, and claims need
to be paid when an estate does not have
sufficient funds. Please Click Here,  to learn
about the order in which these fees and
debts need to be paid.

David M. Frees, III
dfrees@utbf.com
888-606-8498

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A recent Pennsylvania case involved an insolvent estate
(this means that the assets of an estate are insufficient to
pay its debts, taxes, and other miscellaneous expenses),
there was a promissory note owed to the descendant by
his son. The question arises, can a direction in the will to
forgive this debt be valid since it would benefit the
decedent’s heir. The Court ruled, in this case, that the
promissory note was forgiven, but, it was only forgiven
to the extent that the proceeds were not needed to pay
the estate’s debts and other expenses.

Lesson: Be sure to discuss any family debt with your
attorney and accountant when doing your financial
and estate planning.

Lauritsen v. Wallace, 67 So. 3d 285
(Fla. Dist. Ct. App. 2011).

David M. Frees, III
dfrees@utbf.com
610-933-8069

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What Does This New 2013 Surtax Mean to You?

Some trusts and estates will be subject to the
additional 3,8% Medicare Surtax in 2013.
Please Click Here, to learn more about
the Medicare Surtax and if it will affect
your estate or trust administration.

David M. Frees, III
dfrees@utbf.com
888-606-8498

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A “beneficiary” is a person or entity that you have chosen
to recieve the value of your estate, retirement plans, or
insurance policies. Please click here, for more information
regarding who, what, and how to choose your beneficiaries.

David M. Frees, III
dfrees@utbf.com
888-606-8498

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Determining Jurisdiction for an Incapacitated Person?

Figuring out how and where to file for guardianship
for an incapacitated person can be very confusing.
Therefore, many states have adopted the Uniform
Adult Guardianship and Protective Proceedings
Jurisdiction Act to try and solve the confusion.
Click here, for more information about where
and how to file for guardianship.

For more information regarding adult or child guardianship
please contact David M. Frees, III at dfrees@utbf.com or call
888-573-7407.

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What Are The Smartest and Safest Places To Store A Will?

There are many different locations that you can store your
last will and testament. Please click here, for suggestions
as to what are the smartest and safest locations for your will.

 For more information regarding estate planning documents
please contact Unruh, Turner, Burke and Frees at 888-573-7407. 

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What Happens To Your Online Assets Once You Die??

Since, the trend of “going green” or being digitally social
continues to spread, the issue of what happens
to your online accounts is becoming more
popular.

Please click here, for more information regarding
your online accounts and how to gain
access of a decedent’s account.

David M. Frees III, JD can be reached for questions and consultations
regarding digital access  at 610-933-8069.

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Our own David M. Frees III, JD recently presented a leadership
training program sponsored by the Phoenixville Community
Health Foundation.

For the full story and more about the foundation and Frees’ program click below.

Click here for the full story of the Phoenxville Communicty Health
Foundation,and David M. Frees III’s training for non profit
leaders on being more influential and better leaders. 

http://www.paestateplanners.com/news/phoenixville-and-chester-county-pa-attorney-teaches-leadership-course-20130119.cfm

David M. Frees III, JD can be reached for questions and consultations
related to trusts, wills, probate and estates at 610-933-8069.

To book Frees for a program on Persusion, Sales, Influence or Leadership
contact Lisa at 610-933-8069. 

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