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After almost two years of starting their trusts and estates practice, Lam & Maloles, LLC is pleased to announce that they continue to provide their clients with commitment, attention, and quality. In cases of death without a will, the decedent’s assets and property pass through the intestacy statutes of the state with proper jurisdiction. One who dies “intestate,” or without a valid will, will have his or her property distributed according to specific state rules. It is this reality that makes having a valid will all the more important, for it provides the individual making a will with control and direction over how his or her assets will be distributed upon death.

Lam & Maloles, LLC is pleased to announce that they will be co-hosting a client appreciation event on October 10, 2013 at their new office located in Center City, Philadelphia. Partners and Co-founders, Jeanna L. Lam, Esquire and Kathleen A. Maloles, Esquire are estate planning attorneys in Philadelphia who will lead a question and answer panel for guests of the event. For those ready to plan the distribution of assets in the event of death and incapacity, Lam & Maloles, LLC will ensure their clients’ estates are handled in a professional manner and that no questions are left unanswered. Attorneys Lam and Maloles will bring to their clients’ attention that not only does a will state whom the tangible and intangible assets of the client will pass to in the event of death, it also gives them the right to decide the next guardian for underage children and also appoint an executor.

Lam & Maloles, LLC is pleased to announce that Co-Founder, Jeanna L. Lam was a guest speaker for the Southeast Asian Mutual Assistance Associations Coalition (SEAMAAC) on August 21, 2013. Ms. Lam spoke of the importance of having an estate plan in front of refugees, immigrants, and their families. Ms. Lam’s speech was translated to both the Vietnamese and Cambodian languages. SEAMAAC was founded in 1984 by refugees and for 29 years has served and advocated for immigrants in the Philadelphia area. Their mission is to support refugees and immigrants as they seek access to opportunities which would advance the condition of their lives here in the United States. SEAMAAC maintains a variety of programs here in the Philadelphia area and Ms. Lam, an estate planning attorney in Philadelphia, spoke to further educate its members on how they can plan for the benefit of the intended beneficiaries of their estates.

Keeping their clients informed on all legal news regarding the Pennsylvania death tax, Lam & Maloles, LLC is pleased to announce that the Pennsylvania House of Representatives has voted unanimously to eliminate the inheritance tax for small businesses. This is good news for family-owned businesses that have been negatively affected by the existence of this tax in the past. Along with a unanimous decision to drop the tax from the House of Representatives, the elimination of the inheritance tax for small businesses has strong support in the beginning discussions between members of the Senate.

On June 14, 2013, Jeanna L. Lam, Esquire, Estate Planning Attorney in Philadelphia, presented on the topic titled “Planning for Death and Incapacity: What the Critically-Ill Patient Needs to Know?” at the American Cancer Society’s Pennsylvania Division, Southeast Region’s Asian Advisory Committee meeting. This year, the American Cancer Society celebrates its 100th year since its establishment by fifteen physicians and businessmen in New York City. In line with the American Cancer Society’s goal of raising awareness about cancer and issues ancillary thereto, Ms. Lam spoke about the importance of the critically-ill cancer patient having a well-crafted estate plan addressing the following:

The estate planning attorneys in Philadelphia, PA, at L&M Law LLC, have recently made themselves available for estate planning and estate administration legal services in the Pocono Mountain area of Pennsylvania. The areas they cover include but are not limited to, Wayne County, Lake Ariel and Scranton, PA.

Due to the economy these days, many people owe money to someone, and it’s difficult to live in the current society without accumulating at least some form of debt. When someone passes away and has debt to be paid, most of the time the debt will not be forgiven by the creditor or debtor. In some cases the debt may be negotiated, but it all depends on what occurs when the decedent’s estate goes through the probate process, and if the decedent has left enough money for their heirs to pay it off. To help people deal with this process, the attorneys at L & M Law, LLC, are now helping clients in Pennsylvania negotiate with creditors to settle the debts owed by the decedent as they are estate attorneys who can handle the probate process in Montgomery County, PA, Philadelphia, and the surrounding areas.

L & M Law, LLC’s estate planning attorneys in Montgomery County are now currently available to assist Executors and Administrators with the preparation of the state and federal tax returns that must be filed when administering a Pennsylvania or New Jersey Estate. Guaranteeing that proper estate planning is done will put a person in charge of his or her finances, and it will also make sure that a person’s loved ones are spared from the burden of dealing with any unexpected expenses.

Personal Representatives (i.e. Executors and Administrators) engage the estate attorneys in Montgomery County, PA at L & M Law, LLC to assist them with probate shortly after a person’s death. Frequently, L & M Law’s estate lawyers in Montgomery County are asked what to expect throughout the estate administration process. The attorneys at L & M Law are available to assist with the estate administration process in Montgomery County, PA. The following is also a brief overview of the probate process in Pennsylvania.

The new American Taxpayer Relief Act of 2012 helped to clear up the future of the federal transfer tax systems and estate planning. L&M Law LLC is now assisting people with the new federal estate laws in Montgomery County, PA, to help them understand the new changes that have been put in place.