Trusts are legal tools within an estate plan that can help you to manage and distribute your assets according to your wishes. There are many different options, and each can help to achieve different goals. Two of the more common are testamentary trusts and living...
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Pittsburgh Elder Law Blog
Recent changes to applying for and serving as a guardian
Starting on June 11, 2024, important changes to Pennsylvania’s Guardianship Act have been enacted. Act 61 of 2023 was passed to provide greater protections to individuals who are the subject of a guardianship, generally referred to as “alleged incapacitated persons.”...
Medicare coverage in 2024: What to know
Medicare covers roughly 65 million people, and most of them stand to benefit from changes that have been gradually coming into place since 2022. Unfortunately, understanding your entitlement to various Medicare benefits and making sure that you don’t run afoul of the...
Current estate planning trends worth considering
Estate planning, an essential aspect of financial strategy, has been the subject of significant changes of late, with trends reflecting both economic shifts and evolving personal priorities. One of the most noteworthy developments is an adjustment in the federal...
What should go into a living will?
Planning your estate is one of the most important things you can do to ensure your loved ones respect your wishes if you become incapacitated, and Caring.com reported that in 2022, only about a third of Americans have an estate plan. A vital component of any...
Do not neglect long-term care costs in your estate plan
As you get older, planning for the possibility of needing long-term care, such as a personal care home or a nursing home, becomes increasingly important. However, long-term care costs can be substantial and can quickly deplete your estate if you do not plan carefully....
Choosing the right guardian for you
As part of your estate plan, you have the option of choosing someone to serve as your legal guardian if you ever become incapacitated and unable to make decisions about your health, finances and other important matters. Planning for guardianship ahead of time can be a...
Estate Planning Basics – To Will or Not to Will
That is the question. The most important part of planning for the future is to do it early. In our line of work, it occurs too often where estate planning gets put off until someone dies or becomes incapacitated. This leaves family and loved ones without a clear plan...
Personalizing your estate plan to make it more effective
Having an estate plan can protect your future and provide ongoing support after your death to your loved ones. Spending time working with your estate planning attorney to personalize your strategy can make it more applicable to your life. Taking a close look at...
How to handle coercion when creating your estate plan
According to CNBC, only about 33% of Americans have an estate plan prepared. Creating an estate plan is a significant and personal decision. An estate plan makes things easier when it comes to distributing your assets and following your wishes after your passing. You...