With a special needs trust, you can breathe easier knowing that your special needs child will receive care even when you are no longer around to provide it. An important part of creating your trust is choosing a person or entity to manage the trust, also known as a...
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Pittsburgh Elder Law Blog
How taxes and debts are paid from a decedent’s estate
Paying the decedent’s taxes and debts from the estate funds are part of the probate process in Pennsylvania. As noted by SmartAsset, certain heirs may incur an inheritance tax as a result of inheriting assets. Surviving spouses, however, have a “0” inheritance tax...
Why do people put off estate planning?
Estate planning, which means preparing for your future, can provide peace of mind and security. Despite this, only about 33% of Americans had any estate planning documents in 2021, according to Caring.com. There are many reasons why people might delay preparing for...
Statistics on the prevalence of elder abuse
In addition to reviewing and covering costs associated with long-term care or living in a nursing home, you should go over other issues that affect many older adults, such as elder abuse. Neglect and abuse affect many older adults each year, and taking a look at...
What are the signs of elder abuse?
You expect people who care for the elderly to conduct themselves in the appropriate manner at all times. Sadly, this is not always the case. Some caregivers target vulnerable people for abuse, which can have devastating consequences. That is why you must know the...
Is this undue influence?
When diving into matters involving a decedent’s estate, it is important to note that testators can face numerous unexpected hurdles. One of these hurdles is the possibility of someone attempting to manipulate them to gain hold of the estate after the testator passes...
Is isolation endangering your parents’ estate plan?
As individuals age, they often experience a deep sense of isolation. This makes sense, as it can be downright disheartening to have loved ones move away or friends die. If your mother and father live in a nursing home, though, they may be particularly vulnerable to...
How to talk to your parents about estate planning
As your parents age, they may begin to think about their future and their estate. There can be many benefits to estate planning. This may seem like a difficult topic to broach if they are not already considering it. By keeping a few things in mind, you can help ensure...
What do you know about reducing nursing home care costs?
Your aging parents take care of themselves now, but they may need help in the future. You both found a local nursing home you like, but you could do without the expensive costs. CNBC shares strategies for covering the costs of long-term care. Learn how to help your...
Will your relative serve as a good executor?
When you start looking into eligible individuals to help manage your estate, it makes sense to turn toward your loved ones and family members first. After all, you know them best. But is a family member truly the best choice when it comes to managing your estate? For...