Pennsylvania Estate Planning Blog And Probate Law Blog
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...
What is the point of a financial power of attorney?
There are many reasons to create a power of attorney, and you must become familiar with all of them before you head down this path. The primary benefit is the opportunity to name someone, an agent, to manage your finances if you’re incapacitated and unable to do so....
Digital assets and your estate plan: What to know
You’ve got your will ready, you’ve picked someone to hold your powers of attorney and you filled out a living will. You’ve checked to make sure that proper beneficiaries are listed on all of your insurance policies and investments. Maybe you even have a trust. Now,...
What is a special needs trust?
When you’re creating an estate plan, you need to make sure that you think about how the assets you leave behind might impact your heir’s future. For some individuals, such as those who have complex medical needs, relying on public assistance and need-based services...
Wills: Get to know the options you have
When you think about putting together a will, the first thing you think about might be a simple will where you write down what you want to do with your assets. Interestingly, that is one thing you can do with a will, but it’s not all. On top of that, there are...
Choose a health care power of attorney with these traits
You‘re getting older, so you’ve decided that it’s a good time to build on your basic estate plan. You want to know that you have someone there to help you if you’re ill or too sick to speak on your own behalf. To do that, it’s time to talk about a health care power of...
You’re somebody’s executor: Now what do you do?
Conventional wisdom advises people who are writing a will to let the person they want as their executor know about the honor -- and make sure that they’re up to the job. But a lot of people still just assume that their oldest child, best friend or brother will...
Steps to take when naming a guardian for your kids in a last will
As a parent, you have to spend some time seriously considering what will happen to your children in the event that you die while they are still young. If you don't, your children could wind up in a vulnerable position without anyone who has the legal authority to care...
Young families need an estate plan
New parents are often so focused on making sure that they’re meeting their child’s immediate needs that they don’t take the time to plan for the future. There are many things that they need to consider when they’re getting this together. One of these isn’t very...
Remember to include these items in your estate plan
When people think about an estate plan, they tend to focus on the will. While this is understandable, it’s imperative that you consider other items as you work to create the plan. Not only can getting all this information together help you as you create the terms of...
