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...
Category: Estate Planning
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...
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...
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...
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...
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...
Preparing for your Initial Estate Planning Attorney Meeting
You have decided it is time to begin estate planning. You have called a dedicated, local estate planning attorney and made an initial appointment. You have taken a valuable step towards putting critical legal protections in place that will safeguard and promote your wishes for a future you want for both...
Who Should Be Your Financial Agent Under a Durable Power of Attorney?
When you appoint a financial agent under a durable power of attorney, you are granting that person the authority to step into your shoes as they carry out important financial and legal tasks on your behalf. As such, it is important to fill this role with the right person. It is one...
Remember Your Car When Estate Planning
A big part of estate planning will be going through your assets and deciding not only who you want to get what, but how you want this transfer to occur. After a house, a person’s car is usually one of their more significant, tangible assets. As such, it can be a...
Have You Updated Your Estate Plan Lately?
Putting a comprehensive estate plan in place is important for everyone. While everyone’s estate plan may look different, it will likely include things like tools for distributing your assets when you die, such as a will or a trust. It will also likely include other important legal documents such as advanced...