The digital world is now a major part of life, and it doesn’t disappear after someone passes away. Digital assets include emails, social media accounts, online banking, cryptocurrency, and digital photos. In Pennsylvania, handling these assets after death follows...
It’s normal for family and friends to make suggestions or express preferences to their loved ones about their will. A child might remind their parent to include a favorite charity, or a spouse might suggest leaving a family heirloom to a specific grandchild. However,...
Keeping your estate plan up to date is important to ensure your estate follows your wishes. As life changes, you may need to update your estate plan to reflect new circumstances. Knowing when to make changes helps protect your assets and loved ones. Major life events...
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...