When Pennsylvania residents who have sizable estates want to plan how to pass their assets to their children or preserve them for future generations, there are a few methods for doing so. Proper estate planning might help their families to avoid probate and estate...
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Estate Planning
How to create a special needs trust
Parents and other family members of individuals in Pennsylvania who receive Medicaid and Supplemental Security Income because of a disability may want to create a special needs trust as part of their estate plan. Having assets above a certain amount can result in...
How to create a valid will
There are several important components of an overall effective estate plan but the foundation is usually a will. It is important for estate planners to ensure that their will is valid and that it complies with all relevant laws and to do that, estate planners should...
The importance of an advance healthcare directive
There are many important components of an effective Pennsylvania estate plan and an advance healthcare directive is one of them. Having an advance healthcare directive can provide peace of mind for both the estate planner and their loved ones, when the time comes that...
When should I update my estate plan?
Knowing when to update an estate plan can be just as important as knowing what to include in an estate plan and understanding the importance of having one. There are several important situations that should trigger a review of an estate plan that every estate planner...
Everything a complete estate plan needs
Most of use spend our lives working hard to care for our families, which is what an estate plan can help with to ensure surviving loves ones are taken care of after their loved one is gone. This can provide invaluable peace of mind for both the estate planner and...
Good reasons to have a will
Everyone should ensure they have an estate plan and a valid will is an important part of that. There are a variety of different benefits to having a will and estate planners and potential estate planners should be familiar with what they are.A will provides important...
Keeping an estate plan current is important
Knowing when to update an estate plan is almost as important as developing one to begin with. Keeping an estate plan current as life changes can help ensure the estate planner has the peace of mind the estate plan can create that their family and loved ones will be...
Estate planning tools for an effective estate plan
Estate planning is important for everyone which is why estate planners should carefully consider their estate planning options. Estate planning includes a set of legal tools that help estate planners develop a comprehensive estate plan that reflects their wishes and...