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Posts tagged "Estate Planning"

How might a revocable trust promote estate planning interests?

We mentioned revocable trusts in a recent blog post, and also spotlight them on a relevant estate planning page of our website at Quinn Law Firm. We note therein their value as flexible legal instruments enabling a creator (sometimes called a trustor or settlor) to exercise broad powers of control, which can be key in the planning process.

Avoiding probate does not mean avoiding taxes

Estate planning is a complicated process, and writing a last will and testament alone can create some tension and make people want to put the process off. But every day without a plan for passing on property and assets puts undue risk on family, friends and benevolent organizations that deserve our care.

Planning for Digital Assets in Pennsylvania

Traditional estate planning has addressed how a person might leave their assets to their family and friends after their death. "My children are to receive my property but my best friend will get my dog, Daisy, and all things associated with her" a client might say. But with advancements in technology, who receives the right to access the pictures of Daisy which are stored online in the client's cloud? That result has not been are clear as advancements in technology have outpaced advancements in the law.

Why young parents should create estate plans

Raising children is said to be one of the greatest joys in life. You watch your child grow from a tiny little baby into a small person that walks and talks with opinions of his or her own. As a parent, you want to do everything you can to raise your children right. You make them eat healthy, send them to the right schools and teach them right from wrong.

Estate planning is more than just a will

It's easy to think that estate planning is as simple as having a will and maybe putting a big asset into a trust for the future. Even this may seem complicated to some minimalist estate planners. But there are many considerations that people with the most modest of bequests should have in their minds while planning the fate of assets after death.

When do you need to update your estate plan?

If you have already taken on the important tasks associated with estate planning, you deserve praise for your forward-thinking approach to life. You have now protected your assets and heirs, made important end-of-life decisions and assured that your health care and financial wishes will be honored. However, your job might not be completely finished.

Four questions to ask when doing estate planning for adult children

Estate planning with young children often revolves around trying to give them the support they need if you are not around to provide it yourself. For instance, you may pick a guardian to raise the kids and act essentially as a replacement parent.

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