The priority of an estate plan is to ensure you express your wishes in the event of incapacity or death. However, another element to consider is how your loved ones will fare through these complicated situations. This can involve thinking carefully about who you...
Estate Planning
Protecting yourself, your wishes if you are incapacitated
If you have thought about making an estate plan but put it off, chances are you did so because you don't think you need one, or you don't want to think about what happens after you pass away. However, estate planning is not just about your legacy and what you leave...
Effective planning for your long-term care needs
Estate planning can be crucial in helping your loved ones make decisions and navigate the legal process of finalizing your affairs. However, it can be valuable well before you pass away or become incapacitated. Completing legal and financial planning now can help you...
What happens when someone dies without a will?
If you are young, healthy and have relatively few assets, the last thing you may be thinking of is creating an estate plan. People often think they do not need one until they are older or sick. However, not having a will can prove to be a serious mistake that leaves...
4 complications estate administrators can encounter
Administering someone's estate is a major responsibility. A person in this role will have several duties, from collecting assets and notifying heirs to paying taxes and selling property. Considering how much a person must do in this position, it is not unusual to run...
Basic components of an estate plan
Estate planning can be an intimidating, uncomfortable topic to think about. Thus, people tend to put off estate planning or rush through the process without giving it the consideration it deserves. However, these approaches can result in costly oversights and gaps in...
Is it time to update your estate plan?
The start of a new year is a popular time for people to make some changes. They might try a find a more fulfilling job or resolve to quit bad habits. A new year can also be an excellent opportunity to take care of some administrative tasks that you do not think about...
Different types of trusts to consider for your children
Planning your legacy is no small feat, especially when you have children. Parents often want to leave behind something their kids can benefit from, whether that comes in the form of money, property or guidance. And deciding how to do this can be confusing. For...
Who are your substitute decision-makers?
Think about the decisions you have made for yourself recently. You may have decided to make a big purchase, move into a new home or go to the doctor when you were sick. If you are a parent, you may have had to decide what your kids will do regarding school in the...
Dos and don’ts of disinheriting someone in Pennsylvania
An estate plan should reflect what you want to happen in terms of the care you receive at the end of your life and how you want your property distributed. These are intensely personal decisions and putting them into legally valid documents like a Will can ensure your...