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....
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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...
Who can make health care decisions for you?
If you have never suffered a serious injury or major illness, it might be tempting to take your good health for granted. Still, many medical issues can put you in the hospital. Even worse, many injuries and illnesses can incapacitate you, making it impossible for you...
Including aging-in-place provisions in your estate plan
When creating an estate plan in Pennsylvania, it is essential to consider provisions that address your long-term care needs and preferences. Understanding aging in place Aging in place refers to the desire and ability to live independently and comfortably in one's own...
What characteristics should your estate executor have?
Naming someone to oversee the administration of your estate is a big task that requires careful thinking. Considering the nature of the role, as well as the scope of responsibilities, you will want someone trustworthy. Identifying key characteristics of a good...
How to keep control over your medical care if you become unable to do so
Being seriously ill can make us feel helpless. You might have to depend on someone else to feed you or keep you clean and clothed. You might not be able to work or to care for your family. Now, imagine that the illness affects your memory or comprehension. You might...
When is a person considered to be incapacitated?
If a person lacks the capacity to take care of themselves and has not planned ahead by the preparation of Powers of Attorney, he or she may need to have a guardian appointed by the court. Guardianship restricts a person's rights. Because of this, the court is very...
What does it mean to be a guardian of the person or estate?
When a family member or another loved one is unable to care for himself or herself due to dementia or some other type of disability, he or she may need to have a guardian appointed by the court. It is the guardian’s responsibility to look out for the incapacitated...