Knowing that someday you will not be around to care for your special needs child, you may consider creating a special needs trust. While a trust can do a lot to provide for your loved one, it is important to fund the trust enough for it to cover a variety of possible...
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What to consider when planning for your special needs child?
If you have a special needs child, you understand that one of the most important things you must do is prepare for when you die. Ensuring that your child has proper care when you are no longer able to provide it is critical. When making a special needs plan, there are...
What are some issues to avoid when choosing an executor?
Crafting a will may seem like an intimidating part of estate planning, especially when it comes to choosing an executor. You want to choose the best executor possible, so you need to find a person who understands you and your wishes. This choice can have several...
Is a caregiver the same as a legal guardian?
As your parents get older, they probably need help with tasks they used to handle with no problem. If you have come to assist your loved ones with important duties, you probably think of yourself as a caregiver. You may wonder if Pennsylvania law considers caregivers...
What are some challenges of creating a testamentary trust?
If you wish to create a trust for your family, you do not have to make one right away. You can use your will to form a testamentary trust after your death. This allows you to change your trust as many times as you want by updating your will. While a testamentary trust...
Will gifting assets hurt your Medicaid eligibility?
Gifting property to family members may give you peace of mind as you get older. You get to see your loved ones enjoy these gifts while you are still alive, plus you can keep your treasured items in the family. However, you should be aware that gifting assets may...
Who can contest a Will that has been filed for probate?
Probate is the process during which the decedent’s Last Will and Testament are placed of record at the Register of Wills Office in the county where the decedent resided. The Orphans’ Court oversees the distribution of the assets of the Testator – the person’s whose...
What should you look for in your trustee?
Setting up a trust can help to manage your assets and ensure that your beneficiaries receive the inheritance you plan for them more quickly. While creating a trust, however, you must choose a person to oversee and administer the trust, known as the trustee. According...
Can you keep your funeral from being depressing?
If you have ever been to a funeral, you know how downright depressing many of them can be. After all, mourners tend to dress in black, shed buckets of tears and listen to outdated dirges and hymns. While there is certainly nothing wrong with wrapping up a life with a...
3 reasons not to let your elderly parents get too lonely
Like most Americans, you feel busier than ever nowadays. In addition to working a full-time job, you have a family to raise. You also have social, cultural and religious obligations you must fulfill every single week. All of this leaves you with precious little time...
