Pennsylvania Estate Planning Blog And Probate Law Blog
Is a will enough when you’re making your estate plans?
When you write a will, your general goal is to list what you own -- cash, investments, homes, cars, art collections, etc -- and leave those assets to specific people. Some people use a will to give certain assets to specific heirs, such as leaving a painting that a...
Picking the right guardian for your child
If you’re a young parent, part of making your estate plan is picking a guardian for your child. If you pass away, this is the person who will take over raising that child. You want to know that your child is in good hands, so picking someone in advance reduces...
How to choose an executor for your will
When creating a will, you’re staffed with the responsibility of naming an executor. It’s easy to name the first person who comes to mind and then move on, but that won’t give you the peace of mind you deserve. You should think long and hard about who’s best for the...
Your estate plan needs to be unique
Your life is unique. There’s no one-size-fits-all solution to estate planning that is going to encompass all of that perfectly. Your estate plan needs to be equally unique This is why it’s often not a good idea to use a DIY will or copy what a friend did. They don’t...
As a single parent, do you need an estate plan?
You have no spouse, and the only relative you have now is your adult child. As a single parent, you’ve always wondered if you needed an estate plan, because your child would be the only potential beneficiary or heir to your estate. It makes sense that you wouldn’t...
If you’re unmarried and have no children, why bother with an estate plan?
If you’re someone who has looked into estate planning but realized that it’s normally spoken of in terms of taking care of families or children, then you may have thought that it’s not for you. You’re single, you have no siblings and your parents passed away. You’re...
What do single people need to remember when making an estate plan?
Some individuals think that it’s easier to create an estate plan for someone who is single than for someone who is married. While there are some aspects that might be easier, there are also a lot of components that need to be carefully considered for those who are...
Use these 3 estate planning techniques to protect your assets
When you think about growing older, something you should think about is what you’ll do if you have debts. You want to protect your assets from creditors because if you suddenly fall ill or can’t work, you may find that you fall behind on what you owe. Those debts...
Can you transfer stocks upon death?
You’ve always invested in the stock market, and you’ve been successful. You’re happy to say that you have many stocks worth thousands of dollars, and you’d like to pass them on to your beneficiaries and have them continue to grow in value. It is a good idea to look...
What is a DNR order?
Estate planning often involves end-of-life medical planning, not just the division of assets. Some of this process centers around the financial side of things, allowing you to plan to cover the costs of a nursing home or medical bills, while some of it is more focused...
