We live more of our lives online than ever before, and our assets reflect that. From cryptocurrency wallets to cloud storage accounts and digital photo libraries, the average person has valuable digital property. But what happens to these assets when you pass away?
Many people overlook digital and virtual...
The rising cost of college and private education has made early financial planning more important than ever. For many Pennsylvania families, setting aside money for a child or grandchild’s education is one of the biggest priorities. Two of the most common tools used for this purpose are 529 plans and education trusts.
For many of us, pets are part of the family. But unlike other family members, they can’t speak up for themselves or make arrangements if something happens to us. That’s why it’s important to plan ahead. A pet trust allows you to provide instructions and financial support for your animal’s care if...
There are few things more emotionally traumatic than losing a loved one. Our close relatives are such a major part of our lives, and when they pass away we are faced with having that absence in our lives. Nevertheless, there are things you are going to have to attend to when your...
Many people here in Pennsylvania have taken steps to address their estate planning. These folks have drafted wills or created trusts that will ensure that their assets go to their assigned heirs or beneficiaries upon their death. But a surprising number of people haven’t done this, trusting the future of their loved...
Have you ever wondered what would happen if you became incapacitated, unable to make decisions about your financial and medical affairs? This frightening scenario is why you should consider designating a power of attorney. Under Pennsylvania law, you have the ability to choose to appoint someone to run your affairs if you...
This is one of the most common questions that is asked of estate planning attorneys here in Pennsylvania. Many people think that they can cover everything they need for their heirs with a basic will, foregoing the complexities that are addressed in comprehensive estate planning. However, unless you are someone who has...
There are few things that demonstrate trust and respect quite like being named the estate executor for a close friend or relative. This person is placing his or her faith in you to make sure that their final wishes are fulfilled, especially with respect to the distribution of estate funds to their...
If you are like most people here in Pennsylvania, you are going to be concerned about providing for your loved ones after you are gone. This is why estate planning is so crucial. You are going to want to make sure your estate has been set up in such a way that...
America has been undergoing a DIY craze where folks feel empowered to “do it yourself,” whether it comes to making fancy French pastries or major home improvements. But when it comes to estate planning, you should definitely think twice. This is not like going to Lowes or The Home Depot and asking...
