Creating a will is a huge step in ensuring that people respect your wishes. A will is a legal document that outlines how other people should handle your property and possessions upon your death. To navigate this process effectively, it is important to know the key...
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Estate Planning
How to choose a power of attorney agent
AARP reported that only around half of adults have a power of attorney and those over the age of 72 are more likely to have one at about 83%. When creating a POA, you will have to designate an agent who will hold the power of the appointment. This is an important...
What is a special needs trust in Pennsylvania?
If you are disabled or have a disabled family member or loved one, you can create a special needs trust. A special needs trust is a type of trust created to provide financial support and protection for individuals with disabilities in Pennsylvania. Disabled...
My parents named me the executor of their estate. Now what?
Having parents tell you they want you to serve as the executor of their estate will likely lead to a mix of emotions. There is the inevitable sense of pride that comes when your parents recognize that you are not only a capable adult but that they trust you with the...
The basics of an advance directive for your estate plan
When most people think of estate planning, think about detailing their wishes for after death. When crafting a comprehensive estate plan, you should also address your wishes for incapacitation, not just death. An advance directive, also referred to as a living will,...
Is it time to review your estate plan?
After creating an estate plan, many people mistakenly believe that this is where the process ends. However, that is far from the truth. In reality, an estate plan is an ongoing project that requires constant monitoring and updates. But how does a person know when it...
Reasons to choose a new executor for your estate
Choosing an executor for your estate is a significant decision that demands careful consideration. The executor will manage your assets and distribute them according to your wishes after you pass away. However, circumstances may arise that necessitate you to select a...
Choosing guardians for your children
Appointing guardians for your children may feel like one of the hardest parts of estate planning. How do you decide who to trust with such a responsibility? While you should always discuss the designation with the potential guardian before naming them, there are some...
What to include in your estate plan
Did you know that more than 60% of the people in the United States die without a will or any kind of direction for their grieving families? Not only can this cause division and disagreements within the family, but not having an estate plan also has legal...
What you should know about a durable power of attorney
When you create a power of attorney, you sign a legal document that designates another person as your representative. This person can then make legal decisions for you. A durable power of attorney grants this power to an agent even if you are unable to make decisions...