UPCOMING EVENTS

SEMINARS FOR SEPTEMBER 2017

MONROEVILLE
Tuesday, September 12, 2017
2:00PM
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
Tuesday, September 12, 2017
7:00 PM
Holiday Inn Express
Delmont/Murrysville
6552 Route 22
Delmont, PA 15626
Behind Lamplighter Restaurant on Rt. 22

MURRYSVLLE / DELMONT
Thursday, September 14, 2017
2:00 PM
Holiday Inn Express
Delmont/Murrysville
6552 Route 22
Delmont, PA 15626
Behind Lamplighter Restaurant on Rt. 22

MONROEVILLE
Thursday, September 14, 2017
7:00 PM
The Estate Planning Centers
3824 Northern Pike, Suite 801B
One Monroeville Center
Monroeville, PA 15146
Just west of Red Lobster on Rt. 22

MONROEVILLE
Saturday, September 16, 2017
9:30 AM
The Estate Planning Centers
3824 Northern Pike, Suite 801B
One Monroeville Center
Monroeville, PA 15146
Just west of Red Lobster on Rt. 22

 
 

 
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 or Email 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.