Pennsylvania Bylaws

• Category: Pennsylvania Corporations - Bylaws
• State: Pennsylvania
• Control #: PA-00INCE
• Format: Word; Rich Text

Description Pennsylvania Bylaws Sample

This form is By-Laws for a Business Corporation and contains provisons regarding how the corporation will be operated, as well as provisions governing shareholders meetings, officers, directors, voting of shares, stock records and more. Approximately 9 pages.

Pennsylvania Rules for Wills: A Comprehensive Guide to Estate Planning In Pennsylvania, the legal provisions governing wills are outlined in the Pennsylvania Consolidated Statutes under Title 20, Chapter 25, commonly referred to as the Pennsylvania Rules for Wills. These rules specify the requirements and procedures for creating a valid will, ensuring that the estate is distributed according to the testator's wishes upon their demise. Understanding these regulations is crucial for effective estate planning, asset protection, and the orderly transfer of property to beneficiaries. 1. Types of Wills in Pennsylvania: a. Formal Wills: These are traditional, typewritten or computer-generated wills with proper execution requirements. They must be signed by the testator (or another person, at the testator's direction) in the presence of two competent witnesses. b. Holographic Wills: Pennsylvania recognizes handwritten wills, known as holographic wills, if they are created entirely in the testator's handwriting and include the testator's signature. Witnesses are not required for holographic wills. c. Oral Wills: Also referred to as uncreative wills, oral wills are recognized in limited circumstances, specifically during military service or when a person fears impending death and cannot create a written will. However, oral wills must be declared and recorded within 30 days of being spoken, and they have significant limitations regarding the disposition of property. 2. Testator Requirements: a. Age: To create a valid will in Pennsylvania, the testator must be at least 18 years of age. Exceptions exist for individuals serving in the military or being married. b. Testamentary Capacity: The testator must possess sufficient mental competence or testamentary capacity, meaning they understand the nature and extent of their property and the disposition they are making through the will. c. Voluntaries: The testator must create the will voluntarily and without undue influence, coercion, or fraud from any party. 3. Execution Requirements: a. Witnesses: As previously mentioned, formal wills in Pennsylvania must be witnessed by two competent individuals who are present at the same time as the testator when they sign the will. Witnesses should be adults and cannot be beneficiaries or the spouse of a beneficiary. b. Self-Proving Affidavit: Adding a self-proving affidavit to the will allows for easier probate proceedings. The affidavit is signed by the testator and witnesses in the presence of a notary public, affirming that the will was executed according to Pennsylvania law. 4. Revoking and Modifying Wills: a. Revocation: Any subsequent will or codicil automatically revokes prior wills, unless explicitly stated otherwise. Wills can also be revoked by physical destruction, such as tearing, burning, or obliterating them with the intent to revoke. b. Amendments: Testators may modify their wills using codicils, which are separate documents executed with similar formalities as wills. Alternatively, they may choose to create an entirely new will revoking the old one. Understanding the Pennsylvania Rules for Wills is vital to ensure that your testamentary wishes are properly documented and legally binding. While this guide provides essential information, consulting with an experienced estate planning attorney is advisable to navigate the complexities and unique circumstances of your estate. Remember, a carefully crafted will, can protect your loved ones and safeguard your assets according to your intentions.