Category Archives: Estate Planning
Consequences When You Do Not Have a Power of Attorney
The last will and testament may be the cornerstone of estate planning, but there are many other documents to consider to protect your interests. Some are effective during your lifetime, offering a way to plan for incapacity. A durable power of attorney under Pennsylvania law is one option that addresses your real estate and… Read More »
How Pour Over Wills Work in Pennsylvania Estate Planning
Even when you know the basics about wills, you might not realize that there are different types that may serve your needs and support other estate planning goals. One option is a pour over will, which works in conjunction with a revocable living trust. Pennsylvania law on wills include provisions on who may create… Read More »
4 Documents To Include In Your Pennsylvania Estate Plan
Estate planning is an uncomfortable topic for many people, and this is perhaps one of the top reasons they avoid taking the steps to create one. According to a study published by AARP, just 34 percent of American adults have prepared one or more components for an estate plan. In the study, 37 percent… Read More »
Choosing An Agent For Your Power Of Attorney: Factors To Consider
Your power of attorney is an important component of your estate plan, since it takes effect during your lifetime and helps you plan for incapacity. The Pennsylvania statute on durable powers of attorney (DPOAs) allows you to address both health care matters and your financial affairs in one document. As principal, you can appoint… Read More »
Things You Cannot Do By Will Under Pennsylvania Estate Planning Laws
Preparing a will is one of the most effective ways of protecting your legacy, reducing conflict among loved ones, and maintaining control over how your assets are distributed at death. Fortunately, the laws on wills allow you significant flexibility when accomplishing these goals. You can take advantage of many different options and structures, as… Read More »
Three Pillars Of Estate Planning In Pennsylvania
Survey results indicate that more than half of Americans believe that estate planning is important, but there seems to be some disconnect when it comes to those who have actually taken steps to secure their future. Just 33 percent of survey respondents have prepared a will, living trust, or related estate planning documents. The… Read More »
