When you are developing your estate plan, you likely have a few homework assignments, like selecting guardians for your children, selecting who will act for you as your powers of attorney and your trustees. Each designation has its own complications under Pennsylvania...
Estate Planning
How can special needs trust assets be used?
Previously on the blog, we’ve discussed the importance of a special needs trust. These trusts can help ensure that your loved one who has extensive medical needs can secure financial stability without jeopardizing their ability to obtain the treatment and care that...
Should my adult child be my power of attorney or executor?
When you decide who should serve as your power of attorney or executor of your estate, it is tempting to simply believe your adult children are best able to fulfill these roles. And while this is true for some in Greensburg, there are situations in which someone other...
Should I include a guardian in my will?
Congratulations! You are finally estate planning. You are drafting a will, and figuring out how to care for your loved ones after you pass. When you are done, you will feel a weight lifted off your heart, and you will know your family will be OK. However, one thing...
Documents estate planners should include for incapacity planning
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....