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Estate Planning Archives

Americans procrastinate when it comes to estate planning

When it comes to estate planning, people often delay. Millions of Americans, including many in Pennsylvania, know what it is like to put things off until tomorrow. Sometimes, more pressing matters are the reason. But, in many cases, we just procrastinate.

What are the most important documents for an estate plan?

When it comes to estate planning, there is one question that most people have first and foremost: Where do I start? For Pennsylvania residents who are thinking about starting their estate plan, it is important to know some of the key documents that should be included. So, what are the most important documents for an estate plan?

Get organized to make estate planning easier

The important task of estate planning is put off by Pennsylvania residents for one simple reason: they think it is too difficult. While there may be some obstacles in the estate planning process, why not make it easier for yourself? As a recent article noted, getting organized can help make the estate planning process a bit easier and a bit more stress-free.

One big mistake to avoid when it comes to estate planning

Several previous posts on estate planning have noted that, in general, it is better to have some estate planning documents in place than none. However, it isn't called estate "planning" for no reason. Pennsylvania residents should be sure to take a careful approach with their attorneys to determine which estate planning documents are right for them, their families and their financial assets. Leaving behind a mess can only make the process more complicated for those left behind who will benefit from the assets.

Is long-term care insurance an option for your estate plan?

With regard to estate planning, several previous posts here have explored some of the options that Pennsylvania residents have when it comes to including long-term care planning. One option that is becoming increasingly popular - for those who can afford it - is long-term care insurance. So, is long-term care insurance an option for your estate plan?

The "do nothing" approach to estate planning is a mistake

Estate planning - have you and your family members done it? Sometimes, Pennsylvania residents take the "bury your head in the sand" approach to problems - problems they know they need to deal with at some point. When it comes to estate planning, this could be called the "do nothing" approach.

Is it really that important to have an estate plan?

When the recent tax legislation was enacted into law, there was quite a bit of discussion in the news about the changes brought to the estate tax. However, the reality is that the federal estate tax only affects a very small percentage of the population. Most people will not be affected at all. But, this topic of discussion likely got many people, including those in Pennsylvania, thinking about estate planning.

What is an "estate?"

Many of our previous posts here have addressed some of the most important topics regarding estate planning in Pennsylvania. But, some people may start the estate planning process with the most logical starting point: What, exactly, is an "estate?"

The nuts and bolts of estate planning

Estate planning should be on your mind. With the holiday season in full swing, many people in Pennsylvania will be thinking the perfect gifts for their loved ones. Everyone likes to give and receive presents, but there is one gift that can do more than just put a smile on your loved ones' faces during the holidays: an estate plan, which is a gift that puts the planner's mind at ease and makes the process of passing on assets much simpler for family members.

The three most important parts of estate planning

Readers who are familiar with previous posts know that there are a lot of factors to consider when it comes to estate planning in Pennsylvania. They know that it is crucial for everyone to have an estate plan in place, regardless of the perceived size or value of their estate. But, what are the most important parts of estate planning? A recent article pointed to three specific parts of the process.

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