Incapacity can be a difficult topic to think about, however, estate planning tools make it simple for estate planners to plan for it. Knowing what estate planning documents to include in an estate plan as part of an incapacity plan is important information for estate...
Considerations when starting your estate planning
Deciding to begin the estate planning process is a good choice. Whether you’ve chosen to draft a will, set up a trust or create a power of attorney, you’ve taken an important step towards ensuring stability for your heirs after you pass away. Having the advice and...
Don’t forget to update your will after a divorce
Life after divorce can be overwhelming. Even if divorce was the right choice for you, and you are looking forward to re-entering the world as a single person, there are many things that need to be taken care of post-divorce. Updating a will is one thing many people...
Completing power of attorney documents
In addition to creating a will or trust, there are two important documents a person may want to consider completing. A financial power of attorney and a healthcare power of attorney can be useful additions to an estate plan. Financial power of attorney A financial...
The importance of Medicaid planning for long-term care
When people think of estate planning, they typically think in terms making a will or setting up a trust. They’re not wrong – these are common and important aspects of estate planning. But one facet of estate planning that often flies under the radar is that of...
Documents people should have as part of basic estate plan
People in Pennsylvania plan for many different aspects of their lives. This includes trying to plan for unexpected events that may or may not occur. People have insurance for their vehicles, their homes, for potential disabilities, for their lives and other aspects....
How can having a special needs trust help me?
Many people in Pennsylvania plan on applying for Medicaid or other government benefits to help supplement their income during their senior years. However, these benefits are generally only available to those with a low income and few assets. Does this mean that a...
Bring your family into estate planning
Thinking about the end of your life is difficult and talking about it may be even more uncomfortable. But discussing your or your parents end-of-life plans and intentions with your family may be an important part of estate planning, make them more familiar with these...
3 valuable tools for estate planning before a second marriage
According to the U.S. Census Bureau, Americans are divorcing less. A commonly cited statistic is that 50% of U.S. unions end in divorce, but it is not so simple as saying only half of marriages survive. One factor that skews the data used to find this number is the...
What is a Medicaid income spend down plan?
When you consider the needs of you or your loved ones, elderly or otherwise, Medicaid may come up as an option. But it has its pros and cons Medicaid, unlike Medicare, has benefits for nursing home and personal care costs. This makes it a useful tool to evaluate while...
