Non-fungible tokens, or NFTs, have become popular digital assets in recent years. As more people invest in NFTs, it's important to understand how to include them in an estate plan. Passing down NFTs involves unique legal considerations that differ from traditional...
Estate Planning
Estate planning considerations for blended families
In a blended family, where one or both spouses have children from previous relationships, the estate planning process can become more complex. To avoid potential conflicts and protect the interests of all family members, you need to consider several important factors....
Choosing an executor: Professional vs. family member
Selecting an executor for your estate is a significant decision. This decision impacts how well your executor carries out your wishes after you pass away. The choice often comes down to appointing a professional or a trusted family member. It's important to take a...
Why young families in Pennsylvania need an estate plan
Many young families may think estate planning is only for the elderly or the very wealthy. However, creating an estate plan is crucial for every family, regardless of age or financial status. Estate planning goes beyond just deciding where your assets should go after...
Why you should reconsider creating a joint will
When planning for the distribution of assets, many couples opt for a joint will. However, while joint wills might appear straightforward, they can lead to complications and limitations that may not serve the best interests of both parties. Understanding the potential...
3 areas of your estate plan to revisit amid divorce
Divorce marks a significant life transition. As a result, it demands attention to various aspects, including the often-overlooked realm of estate planning. As you navigate the complexities of separation, it becomes important to reassess and update key components of...
3 components a basic estate plan should include
Securing your legacy and ensuring your wishes come to fruition requires careful planning. This is especially true when it comes to your estate. In Pennsylvania, a basic estate plan should encompass specific components to address certain aspects of your life....
Advance directives provide clarity and peace of mind
Making essential healthcare decisions in Pennsylvania can be emotionally challenging, especially when you or a loved one cannot express your wishes. Advance directives, a vital part of healthcare and estate planning, can provide the means to bring clarity and peace of...
When should you update your advance directives?
Advance directives are essential to your estate plan because they protect your wishes when you cannot express them yourself. In Pennsylvania, there are two types of advance directives that are both valuable. A living will specifies the life-sustaining care you want...
Estate planning considerations for married couples
When an individual becomes married, they almost always consider their spouse and children, if any, when making decisions, minor or significant. These decisions include creating or updating estate plan tools. How a marriage affects an estate’s property distribution...