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...
Estate Planning
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...
10 expensive estate planning mistakes to avoid
It is typical for individuals to think about how to guarantee the financial stability of those who matter to them after passing on. Estate planning exists to fulfill this requirement while maximizing potential savings based on the individual's life situation and...
Pennsylvania estate planning tips for the single person
When Pennsylvania residents pass away without a will the state decides how to distribute their assets. For single people, this may mean distant family members come forward to claim the property. But on the other hand, it can also mean the state receives the assets. An...
Consider including a trust in your estate plan
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...
What should you tell your family about your estate plans?
Talking about estate planning with your Pennsylvania family may involve difficult discussions about death and end-of-life plans. You may be reluctant to have those conversations with your loved ones, but they will benefit the most from having those tough...