Estate planning is an essential part of adulthood. Managing one's affairs to ensure that one's assets are distributed according to one's wishes and making the many decisions that come with that is critical and remains relevant indefinitely. However, many people do not...
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Estate Planning
How can charitable giving be incorporated into an estate plan?
Estate planning is not just about providing for loved ones but can also include supporting meaningful causes. Incorporating charitable giving into an estate plan ensures contributions continue to benefit charities even after death. This blog explores how charitable...
FAQs about revocable trusts in your estate plan
When planning your estate in Pennsylvania, you might consider including a revocable trust as part of your strategy. A revocable trust, often used for managing assets during one's lifetime and distributing them after death, offers flexibility and control. It is...
Protecting your assets from creditors after death
You work hard to build a secure financial future for your loved ones, but what happens to your money when you are no longer around? In Pennsylvania, understanding how to protect your assets from creditors after death is important for making sure your legacy remains...
Common estate planning mistakes to avoid
Estate planning ensures your assets get managed and distributed according to your wishes after you pass away. However, many people make common mistakes that can undermine their intentions and create complications for their loved ones. By knowing these mistakes, you...
Is it ever too late to change your will in Pennsylvania?
People make wills for reasons such as asset distribution and guardianship for minor children. In Pennsylvania, the question of whether it is ever too late to change a will depends on various factors. They primarily revolve around the mental capacity of the individual...
Including digital assets in your estate plan
In today's digital age, people accumulate numerous valuable assets online, ranging from social media accounts and email addresses to digital photos and cryptocurrencies. These assets hold not only sentimental value but also financial and practical significance....
What times in your life should you update your estate plan?
Creating an estate plan ensures that people carry out your wishes after you die. However, life is constantly changing, and so should your estate plan. These are the times when updating your plan is important to ensure it accurately reflects your current circumstances...
Debunking common myths about wills
When it comes to wills and estate planning, misconceptions often circulate, leading people to make ill-informed decisions. Yet the topic is too important to brush aside. To improve your understanding of why you need a will, it is necessary to unravel the truth behind...
Is a revocable trust the right choice for you?
A revocable trust, also called a living trust, is a legal document created during your lifetime where you name a trustee to manage the assets you transfer into the trust. You maintain control over the assets and can change or revoke the trust at any time There are...