If you have created a Pennsylvania estate plan, you might think that your work is done. However, you may need to discuss your plan with your adult children. Who to talk to You first need to decide how much you want to share with them, and this will depend on your...
As you enjoy the life of retirement in Pennsylvania, you may have started to wonder about what will happen to your estate after your passing. This is where estate planning comes into play so that you can ensure that all of your assets go to the people to whom you...
A person engaged in estate planning may spend significant time thinking about how to draw up a will. Time spent on estate planning should involve making sure the will is legally sound in the state of Pennsylvania and that the contents of the document meet heirs'...
Divorcing couples in Pennsylvania have a lot to think about, and revising their estate plans may not be among their greatest concerns. However, dealing with estate planning matters should become a priority soon after finalizing issues like property division and...
Among estate planning professionals, it is a widely accepted fact that many estate plans fail. While that fact may discourage Pennsylvania residents, it is important to realize that most of the mistakes that produced failure could have been avoided. There are some...
With a recent increase in the number of divorces among elderly couples, which is referred to as “gray divorce,” the need for estate planning modifications after a remarriage late in life has also grown. However, it's sad to say that many people fail to take the...
If you have a revocable trust, you can change the terms of the trust at any time. It is a good idea to inform your trustee of any edits that you have made as soon as possible. Generally speaking, the process of amending a trust involves little more than writing the...
Estate planning when there is a business involved requires not only planning for personal assets but also considering long-term business requirements. If an individual has a sole proprietorship, the business estate planning is somewhat simplified as the business...
Estate planning could prove valuable to those who understand the complexities of personal finance. Anyone can become incapacitated or, sadly, die prematurely. No one knows what can happen on any given day, and this includes young people in Pennsylvania. Therefore,...
Estate planning is important for all Pennsylvania residents, particularly if they own a business or property. One document that business owners should consider as part of their estate plan is a power of attorney. A medical or financial power of attorney gives another...
