Estate planning is vital for everyone, not just the wealthy. It ensures others honor your wishes while providing for your loved ones after you pass. Many people consider do-it-yourself estate planning to save money, but this approach can be risky. Without the right...
Creating a will remains one of the most important financial decisions, yet only about one-third of Americans have taken this crucial step. By having a will, you've already made a wise choice to protect your legacy and loved ones. However, simply having a will isn't...
Divorce is a life-altering event that brings about significant changes in various aspects of one's life. One area often overlooked during this tumultuous time is the impact of divorce on an individual's estate plan. An estate plan, which includes documents like your...
When a loved one passes away, the probate court looks to the deceased's will to ensure the distribution of their estate according to their written intentions. The court does not assume full control of this process, however - it falls to a trusted individual named by...
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 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...
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...
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...
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....
Many Pennsylvania residents want to avoid probate with their estate plans. By doing so, they allow loved ones to receive their inheritances without a long, potentially expensive court supervision process. These are some of the key estate planning strategies to...