Planning Ahead Through Wills, Trusts, Powers Of Attorney And Living Wills
Planning for your future can feel overwhelming, as you seek to determine your beneficiaries, strive to keep your estate out of probate and protect your assets. Though planning for your incapacitation or death can be the cause of difficult conversations with your loved ones, it is necessary for protecting your wishes and assets.
The experienced attorneys at Stewart, McArdle, Sorice, Whalen, Farrell, Finoli & Cavanaugh, LLC, can assist you in establishing your health care and estate plan. Whether you are single with one 401(k) retirement account or married with children and substantial assets, we can help you protect your assets under Pennsylvania law.
The Difference Between Your Estate Planning Options
Proper planning may help you protect your assets from probate while allowing you to leave more to your chosen beneficiaries. Our firm can help you understand your estate planning options, allowing you to choose those that will best meet your long-term goals.
Our attorneys can help you establish your wishes through options that may include:
Wills — Through a will, you may designate the division of your property and assets to your chosen beneficiaries, state your end-of-life wishes and name guardians for your minor children. You may also name a conservator of your estate, and avoid probate and estate taxes.
Trusts — Depending upon the type of trust you establish, you may avoid taxes from probate while leaving protected assets to your loved ones. A trust for minors or a special needs or life insurance trust may allow you to set conditions on asset distribution while determining who will administer the trust(s) on your behalf.
Powers of attorney — Our lawyers can help you determine which matters you want to allow a person to decide on your behalf, whether business, health care or personal finances.
Living wills — Designating your end-of-life health care treatment if you are unable to give informed consent, a living will serves as an advance directive. This helps medical staff respect your wishes while keeping your family from having to make difficult choices in life-and-death situations.
Let Our Attorneys Help You Prepare
At Stewart, McArdle, Sorice, Whalen, Farrell, Finoli & Cavanaugh, LLC, we offer guidance for a wide range of estate planning matters.