Approaching the end of your life is a difficult transition not only for you but for your family as well. Remember that, as you establish your estate plan and power of attorney, your family must come to terms with your mortality. There are a few things that you can do...
Estate Planning
3 things people forget to include in their estate plans
Estate planning involves more than determining what happens to your assets after you die. You should also consider how to manage your estate and health care if a time comes when you can no longer make sound decisions for yourself. Here are three essential items to...
Common misconceptions about wills
Writing a will is the most fundament part of your estate planning process. This document makes your intentions known such that your family receives support and peace of mind in the event of your passing. However, there are some common misconceptions surrounding wills...
Why should you file for a power of attorney?
If you want to protect your future, a power of attorney may be a great help. This document would allow someone else to decide on matters for you, in the way that you wish, if you can no longer make your own decisions. You choose the conditions When you fill out the...
What duties and rights do I have as a guardian?
The process of guardianship administration addresses the needs of a disabled or incapacitated person who can no longer manage essential day-to-day or financial affairs. A potential guardian files a petition to become the caretaker of the estate, the person or both....
Challenges you may encounter while going through probate
The probate process may remain a mystery until a loved one's death. Then you may find yourself thrown into this common court process armed with little to no insight. A will goes through probate in Pennsylvania regardless of the estate's value. The probate process may...
When do I need to change my will?
Creating a will can help your loved ones carry out your final wishes after you pass away, but what happens when a major life event changes the circumstances you already laid out in writing? Farm Bureau Financial Services reports that wills play many roles, from...
When do I need to change my will?
Creating a will can help your loved ones carry out your final wishes after you pass away, but what happens when a major life event changes the circumstances you already laid out in writing? Farm Bureau Financial Services reports that wills play many roles, from...
How first- and third-party special needs trusts differ
Many Pennsylvania parents of children with special needs consider creating special needs trusts. These important estate planning tools give you a way to leave assets behind for your child after your death while allowing your child to remain eligible for certain...
How do you tell your family about your estate plan?
You may ask yourself what the next steps are after you create your estate plan. First, you must keep it updated to reflect your current life circumstances. But you should also let your loved ones know about its contents. Why? Because you have the chance to clear up...