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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....
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...
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...
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...
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...
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...
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...
A will is a foundational element in any Pennsylvania estate plan. When you die without creating a will, it becomes the state’s responsibility to decide what happens to your assets. While creating a will plays an important part in determining what happens to your...
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...
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...