Comprehensive Elder Law Services Addressing a Full Range of Legal Issues
When doing long term care planning, one important consideration as a way to help pay for long term care, whether it is care at home or in a facility, is LONG TERM CARE INSURANCE. This type of insurance is purchased to help deal the costs of long term care, which may...
Powers of Attorney may contain authority for the Agent to make gifts of the Principal's assets. The type of authority to make gifts, whether it is limited or unlimited, or even if the Agent should have any such authority, should be discussed with a certified elder...
Beginning on January 1, 2015, there are changes in Pennsylvania Powers of Attorney. What are Powers of Attorney? A Power of Attorney (POA) is a legal document in which the Principal gives authority to the Agent to do activities for the Principal. The powers given...
Long term care planning involves many issues, one of which is pre-arranging your funeral. There are a number of advantages to doing so. You get to choose what type of funeral you want, be it burial or cremation, and what funeral home you would like to use. You can...
Powers of Attorney are usually prepared as part of long term care planning. Why? It is important to name someone to handle your medical matters and financial affairs if you become incapacitated and are unable to make appropriate decisions. The Principal, you, name...
When doing long term care planning, a child may ask their parents to transfer the family home to him or her for $1. The child may think that this is a purchase, but it is considered to be a gift to the child. A Deed will need to be prepared and signed by the parents...
When doing long term care planning, many people ask about transferring their home to a child for $1. Such a transfer is a gift, a very large gift. The parents plan to continue living in the home. Is the gift a good idea? There are a number of factors to take into...
Last Wills and Testaments may leave property to siblings, nieces, nephews, cousins or even non-family members. These inheritances are subject to Pennsylvania inheritance taxes. Siblings pay a 12% inheritance tax while nieces, nephews, cousins or non-family members...
Whether assets are inherited under Wills or by intestacy (without Wills), when someone passes away in Pennsylvania, there may be inheritance taxes due to the Commonwealth. The amount, if any, that is due depends on the value of the decedent's assets on the date of...
When to open an estate in Pennsylvania: A guide for loved ones When a loved one passes away, it can be overwhelming to navigate the complex process of estate settlement. One of the first questions that often arises is: when must an estate be opened? Understanding the...