No one can predict the future. You can, however, create a plan for the future to protect yourself and your family in case of medical emergencies. Advance health care directives allow an individual to clearly dictate his or her wishes for medical care and treatment...
Creating a will is a crucial step in protecting your legacy, but even a well-written will can be challenged amid claims of testamentary incapacity. In Pennsylvania, ensuring you meet the legal standard for mental competence when putting your will in place can help you...
Have you been putting off estate planning? Perhaps you know that it would be wise to write a will someday, and you fully plan to do so. It’s just something you envisioned doing in the future, perhaps after you retire. If so, you are not alone. Studies have found that...
You have always been very careful with debt. You use your credit card sparingly and avoid taking out loans that you think may put additional financial strain on you and your family. Your parents have not necessarily used the same tactics. You know that they have a...
Adult children who have lost a parent often have a difficult path ahead. Not only do they have to process their grief, but they often have to address a variety of practical considerations related to their parent's passing. Children often have to plan the funeral for...
Arguably the most important legal document in an estate plan is the will. A will allows the testator to decide how their assets are managed after they pass away. An estate plan is often centered around the instructions in a will. As such, it is important not to make...
A key goal of estate planning for those with considerable assets is minimizing or avoiding estate taxes. This tax, which is currently levied on individual estates worth just over $13.6 million and above, can take a big chunk out of the wealth you want your family and...
In Pennsylvania, when putting your home on the market, you can maximize the selling price by presenting your home in a manner that appeals to potential buyers. While navigating the process, taking specific steps can attract more interest in your property, which also...
When a Pennsylvania resident creates a trust, the party they choose to manage and distribute the trust assets has a great deal of responsibility. Trustees are fiduciaries because they are legally responsible for managing other people’s money. This means that they are...
Estate planning is a difficult process that many Pennsylvania residents might not want to revisit. However, the decision to not revisit your estate plan or make updates can cause headaches for your remaining family members after you pass away. How divorce can impact...
