Laurel, MD asked in Estate Planning for Pennsylvania

Q: I would like to establish a PA Revocable Living Trust for my estate. How can I find an attorney experienced in RLTs?

Moving from Maryland to New Holland, PA soon.

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2 Lawyer Answers
Michael Cherewka
Michael Cherewka
Answered
  • Estate Planning Lawyer
  • Wormleysburg, PA
  • Licensed in Pennsylvania

A: you started out well with looking at Justia, as most of us that practice estate planning can respond to your questions. You may also want to check out Wealth Counsel for Pennsylvania attorneys in your area that draft Revocable (Living) Trusts

W. J. Winterstein Jr.
PREMIUM
W. J. Winterstein Jr.
Answered
  • Boyertown, PA
  • Licensed in Pennsylvania

A: I agree with my colleague that you've started out well in Justia (you can find PA lawyers who have done many in PA, as have I).

Many life insurance companies, hoping to sell you whole or term life or health insurance, or disability insurance, or whatever, provide "form" revocable trusts for free, and then, in my experience, mislead the insureds about the legal and tax ramifications..

And you get what you pay for.

As with most human endeavors, there's more than one path open to you. A grantor-created revocable trust provides few if any tax benefits, and can complicate future transfers.

Of course, as you seem to know, a candid conference with an attorney experienced in this area of the law is highly recommended.

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