Guardianship is a legal process where a court appoints someone to make decisions for another person who cannot make decisions on their own. Sometimes, this process can be necessary, but there are cases where the decision to appoint a guardian may be disputed. ...
Creating a trust as part of your estate plans may feel like the right way to pass property to loved ones or even an organization. Still, this method might give you pause if you worry about losing control over your assets. You could feel better if you could create the...
Securing your financial legacy involves more than just accumulating assets. It requires a strategic approach to minimize the impact of taxes. A well-thought-out estate plan is the key to preserving your hard-earned wealth for future generations. Understanding the tax...
Choosing the right person to handle the distribution of your assets and fulfill your final wishes takes careful consideration. The executor of your estate plays a pivotal role in ensuring a smooth process for your beneficiaries, making it an important decision. There...
An estate plan can help you prepare for your future. It can also provide stability and guidance for your surviving loved ones after your death. Overlooking the task of periodically updating your plan could render it inoperable. Knowing why you should review your plan...
If you believe you might need the care of a nursing home when you are older, you could plan on receiving Medicaid to cover your care costs. However, your plans may run into problems if you run afoul of the state look-back period. Pennsylvania has a 60-month period...
The foundation of your estate plan is your will. This legal document outlines how to distribute your assets to your beneficiaries after your death. Without a will, the court may decide how to distribute your assets. According to Gallup, approximately 45% of adults in...
When you agreed to become the executor of your uncle’s estate, he was in good health, and you felt his demise was a long way off. However, Uncle Ed died unexpectedly, suddenly putting you in the position of administering his estate. Here are five tips to help you...
The probate process may take a while, which is not ideal if your family needs financial support during an already difficult time. Fortunately, you have options to work around probate and help your family sooner. When you sit down to draft an estate plan, you may want...
While preparing to write a will, you may have many questions and concerns. One question may be what you should include and why since you want your assets and heirlooms to get passed on to your living relatives without any complications. Learning about the common...