Long term care planning may be important for you and your family. Many Pennsylvania residents make the smart move of planning for the future, which, in most cases, means serious financial planning and estate planning. However, there may be one aspect of retirement or...
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Year: 2017
Remember who your Will helps – your beneficiaries
Why don't many people engage in estate planning? They think that they don't have enough assets to even need a Will or an estate plan. Another common mistake, for those who do have estate plans in place, is to think that once the documents are signed that they can be...
What are the basics of probate?
Many people know that estate planning involves crafting a set of priorities for assets and determining who will become the guardian of minor children. But, there are certain terms involved in the estate planning process that some people may be unfamiliar with, like...
Appoint the right people for important roles in an estate plan
When Pennsylvania residents are having a comprehensive estate plan drafted, they are, out of necessity, determining who they can depend on in crucial moments of their life. First and foremost, choosing the right attorney to help craft your estate plan is a big...
Estate Planning For One
As society changes, more people are living alone. Some are marrying later in life, if at all, and having fewer children. Many will reach the end of life with few if any close living relatives nearby. While people who are living alone are in many cases "making their...
Dying without a will in Pennsylvania
Previous posts here have mentioned how important it is for people of all ages and asset levels to do estate planning. For some, the most important aspect of estate planning is to designate beneficiaries for the distribution of assets. For others, naming a...
Making sure your guardianship goes smoothly
Guardianships are something that most people don't think about until a need arises. In Pennsylvania, relatives may become incapacitated and unable to care for themselves. It is a fact of life that, as our loved ones grow older, they may not be able to make appropriate...
The basic components of an estate plan
Some people avoid the topic of estate planning because they think it is morbid. Why would you spend time thinking about what could happen to your property after death? Well, perhaps the biggest reason to think about estate planning is to consider the impact that...
How to avoid most guardianship matters
Guardianships, if possible, should be avoided. How? By planning ahead and preparing an estate plan which includes Durable Financial Powers of Attorney as well as Healthcare Powers of Attorney and Living Wills. These documents permit you to name an agent to handle...
What should you know when you get started on estate planning?
If there is one thing that Pennsylvania residents can agree upon when it comes to estate planning, it is that the whole process can be somewhat of a mystery. Where do you start? What estate planning documents are right for you? Is it so bad to die without a will? All...