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Many people believe a will lets them decide exactly who receives their property. In Pennsylvania, marriage limits that control. If you create a will, you should understand how state law protects a surviving spouse and how those protections affect your written wishes....
A generation-skipping trust gives you a way to pass wealth to grandchildren or later descendants. You bypass your children as direct beneficiaries, which can reduce taxes and protect family assets. How a generation-skipping trust works This type of trust places your...
As your parents age, you might find yourself concerned about their estate. After all, if they don’t have a plan in place, then the distribution of their assets could be muddled, and their potential need for medical care and competent healthcare decisions might be...
Among other basic estate planning documents, most Pennsylvania residents will want to sign a durable power of attorney to give a loved one or other trusted person authority to manage the person’s finances and to make certain financial and business decisions. Unlike a...
Addiction in one form or other grips millions of families across the United States, including several right here in our state. This issue can disrupt nearly every aspect of life, but when it comes to estate planning, it may leave you on edge about how to best support...
When people create an estate plan in Pennsylvania, they often focus on a will or trust that details as to how their property will be handled after they are gone. This is undoubtedly a key part of the process. However, there are other areas that can be obscured, but...
In Pennsylvania, people should be aware of the importance of proper estate planning. For many, that is limited to a simple will so they can detail how they want their property distributed after they are gone. However, even the most basic will requires vigilance and a...
Most people, when planning their estates, think about what kind of legacy they want to leave for their loved ones. But for families who have loved ones with special needs, this goal takes on an added importance. If you have an adult child or other loved one who is...
When tasks seem daunting and lengthy, it can be challenging to find the motivation to complete them. Often, individuals will put drafting an estate plan on the back burner, believing they have time until they need to consider embarking on this task. Thus, when a...
When you create your estate plan in Pennsylvania, you may consider leaving some of your assets to charity. This could be an especially attractive option if you are concerned about not having any heirs to leave your assets to but do not want your assets to go to waste....
