UPCOMING EVENTS

SEMINARS FOR SEPTEMBER 2016

MONROEVILLE / PITTSBURGH
Tuesday, September 13, 2016
2:00PM
Courtyard Marriott / Monroeville
3962 Wm Penn Highway
Monroeville, PA 15146
Between Sheetz and Eat ‘n Park
 
MURRYSVLLE / DELMONT
Tuesday, September 13, 2016
7:00PM
Holiday Inn Express
Delmont/Murrysville
6552 Route 22
Delmont, PA 15626
Behind Lamplighter Restaurant on Rt. 22
 
HARMARVILLE / PITTSBURGH
Wednesday, September 14, 2016
2:00PM
TownePlace Suites / Pittsburgh
2785 Freeport Road
Pittsburgh, PA 15238
Just off of Exit 48 of PA Turnpike
 
MONROEVILLE
Wednesday, September 14, 2016
7:00PM
The Estate Planning Centers
3824 Northern Pike, Suite 801B
One Monroeville Center
Monroeville, PA 15146
Just west of Red Lobster on Rt. 22
 
MURRYSVLLE / DELMONT
Saturday, September 17, 2016
10:00AM
Holiday Inn Express
Delmont/Murrysville
6552 Route 22
Delmont, PA 15626
Behind Lamplighter Restaurant
 

 
Do you want us to conduct a seminar for your group?

 

We would enjoy bringing your group timely estate planning information.

Call or Email Us!


 
All seminars are
FREE and open to the public
Call and reserve your spot today!
 
Proudly serving clients throughout Allegheny, Westmoreland, Butler, Fayette, and Washington Counties; including Pittsburgh, Monroeville, Greensburg, Latrobe, Cranberry, Wexford, Sewickley and YOUR community.

Multiple Beneficiaries for Pennsylvania Bank Accounts

There are occasions where an account is to be transferred directly to a beneficiary following the death of the account owner. Such accounts are known as “Pay on Death” or “In Trust For” accounts at many banks. The Pennsylvania statute has always limited the bank to naming no more than two such beneficiaries on an account. Act 170 of 2012, dated October 24, 2012, amended the banking statutes to permit such accounts to now name multiple individuals. Thus, a family including a POD or ITF bank account may now name more than two beneficiaries. This unreasonable restriction was long overdue to an update.
 
POD, ITF and other “transfer on death” account registrations can be used as a method for probate avoidance, however, it is important to consider if this technique fits well with the other planning goals, including asset protection, protection of beneficiaries against claims, creditors or divorce, and fair distribution of assets within a family. If you have not received a comprehensive review of your own estate plan and how it will protect, or harm, your family, please contact us now for a complimentary consultation with one of our attorneys.