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...
Wills and trusts are two components of an estate planning strategy. While many Pennsylvania residents have straightforward wills that leave everything to their surviving spouse or children, trusts take more effort to create and perhaps manage. Estate planning The...
Although discussing death with your spouse may make you uncomfortable, one of you will likely live longer than the other. Choosing a proper estate plan in Pennsylvania protects the surviving spouse financially. Children may also enjoy financial protection when you...
If assets remain inside of your Pennsylvania estate when you die, they will likely be subject to probate. In most cases, assets that have beneficiary designations attached to them will avoid this process. However, if a designation is not made properly, an item may...
A pour-over will is a specific type of will and testament designed to work with a trust-based estate plan. Pour-over wills can come in handy with the individual who created the trust does not transfer all of their assets into the trust and doesn't have a will to...
When you remarry, your estate plans have to change. While no one likes to acknowledge their estate plan often, you do need to consider it. Otherwise, you could unintentionally disinherit your children. According to CNBC, when you remarry, you need to talk to your...
No matter how much you own, you need an estate plan. You never know when you will need one, and when you are sick, you want to be sure you can focus on getting better instead of worrying about who controls your estate. Estate planning documents who you want to make...
A will is something every person should have to offer guidance to their loved ones when they pass away or become incapacitated. This document can outline your wishes and desires for what should happen to your assets after your death. It also can cover your preferences...
If you worry about a family member causing issues with your estate after your death, then you may take steps when creating your estate plan to avoid such problems. Trusts are usually an excellent way to avoid any upheaval and allow for the peaceful passing of assets...
The tragedy of drug addiction has hit every state, including Pennsylvania. With heroin and prescription painkillers increasingly responsible for addiction and overdose, few families are untouched by the issue. Watching an adult child become entangled with substance...
