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...
Someone who asks you to be the executor of his or her will is trusting you with a big responsibility. However honored you may be, you should be honest with both yourself and the testator about whether you are able to take it on. If you are unsure whether you are ready...
According to U.S. News & World Report, probate is the process of taking assets from a recently deceased person and providing them to the person's heirs. Probate also entails proving that the person's will is valid and paying off creditors, after which heirs...
As you immerse yourself in the estate planning process in Pennsylvania, your thoughts inevitably turn to take advantage of those opportunities to minimize the liabilities facing your estate in order to preserve as much of your personal wealth as possible to pass on to...