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Many people working on their Pennsylvania estate plans have similar goals in mind. If you are working on yours, you may, like many others, be looking for ways to maximize how much you leave behind for your children. However, depending on the specifics of your family...
If young and in good health, you like others may not see the need for a power of attorney for health care. However, should a serious and sudden illness or injury leave you incapacitated, you might not have the ability to speak and make choices for yourself. To put the...
One of the goals of estate planning is to avoid family drama. The period of time after your death is likely to be extremely emotional for your family. The last thing that anybody needs is to fight over the estate. Your choice of executor is one of many actions you can...
It is natural to worry about making sure your family inherits from you. Unfortunately, many people struggle with debt. Whether you have medical debt, student debt or an outstanding mortgage, you do not want your family to lose out on an inheritance because of money...
A Pennsylvania estate plan is a live document, not something to create, then forget. To do the job you want it to, you must update it periodically. If your estate plan is more than three years old, you should review it and make necessary changes. According to...
For issues both legal and financial, a power of attorney (POA) document grants an authorized person the right to perform actions on your behalf. You may not have an international business that needs multiple people to act for you. If you have aging parents, however,...
If you have assets in your Pennsylvania estate at the time of your death, they will likely be subject to probate. This means that a judge will need to verify that your will is valid and that it accurately conveys your final instructions. Within the document, you can...
How to create an estate plan that meets your needs Creating an estate plan can be an effective way to ensure that the right people take possession of your assets after you pass away. It can also be an effective method of ensuring that your children have a guardian in...
Understanding the duties of an executor to your relative’s Pennsylvania estate is incredibly important if they’ve appointed you. There’s no shame in not knowing what to expect; the fact is that most people do not know when the time comes because they might only do...
It is a misunderstanding that only wealthy people need an estate plan. Forbes explains that by creating an estate plan, you can make things easier on your family after your death. If you address assets and liabilities in your plan, they will not have to make decisions...