Parents know, the kids come first in so many ways. We know this even before we hold our new babies in our arms. As parents, we work every day to provide for our children. This means to provide for them financially, emotionally, and in so many other ways. It’s true that a...
Category: Estate Planning
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Charitable Giving and Estate Planning
Many of us have a cause or charity that is near and dear to our heart. When you begin thinking about estate planning and how you want your assets distributed, you may want to consider the inclusion of charitable giving in your plans. Even if that has not crossed your mind...
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Why Put a Power of Attorney in Place?
A really vital part of estate planning is planning not for death, but incapacitation. Yes, neither make for pleasant conversation, but these are issues that we must all confront if we are to put plans in place to protect our wishes and our goals for the future. It does not matter how...
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What to Include in Your Advance Health Care Directives
We all have the right to determine what type of health care we want to receive or not receive. Sometimes, however, due to injury, illness, or simply the aging process, we run the risk of our healthcare wishes not being honored because we have not adequately communicated them and memorialized them in...
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Advantages and Disadvantages of Irrevocable Trusts
Although it may be the best known, a will is not the only tool you can use to dispose of your assets. In fact, there are other beneficial ways to accomplish this, a trust being one of them. There are actually a variety of trust types you can utilize in your estate...
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Leaving Money to Heirs with Spending Problems
Most of us know someone with spending problems. Money management issues can come from being financially immature. It can come from being in an unhealthy relationship where they have little to no say in their finances. There may be an addiction issue at play. Regardless of the reason, struggling with spending problems...
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What Happens When a Person Dies Without a Will?
Dying without a will is referred to as dying “intestate.” As such, a state’s intestacy laws will apply in the event that a person dies without a valid will in place. Pennsylvania’s intestate succession laws come into play to direct where a deceased person’s assets should go in the event that...
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Guardianships in Pennsylvania
At some point, a loved one may become incapacitated due to injury, illness, or simply old age. Regardless, it could leave them unable to make critical medical or financial decisions for themselves. Without a legally designated decision-maker, their well-being could be put in serious jeopardy. In such a situation, a Pennsylvania guardianship...
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Ways You Can Organize Your Assets for the Benefit of Your Heirs
The death of a love one can leave a family struggling with some big emotions. Processing the loss can take time. It can take energy. It can require a lot of support. On top of all of this, there are the logistics to be addressed following a loved one’s death. Going through...
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How to Dispose of Your Tangible Personal Property
Your estate plan is likely to include a variety of what are referred to as “specific bequests.” A specific bequest is when you name a particular person to inherit a certain item, such as a piece of personal property. You may have made many specific bequests for tangible personal property items such...