Writing your will may seem like a daunting and stressful task, especially when you need to think about potential beneficiaries. Thankfully, there are some important steps you can take to help prevent potential errors during this time. Knowing more about beneficiaries...
Estate Planning
What if a family member contests my will?
The last thing you want is for your family to fight over your estate. Having a solid estate plan can help, especially if you have a will that makes your intentions clear. Unfortunately, a will does not guarantee that everything will go smoothly. Contesting a will...
When should I start estate planning?
You may believe that estate planning is something you address when you are nearing retirement. However, you can start an estate plan at any time. A comprehensive plan incorporates many areas of your life, not just retirement. Why do you need an estate plan? If you do...
Important reasons to create an estate plan
If you want some sense of control over what happens to your estate after you pass, you must establish an estate plan. However, a well-thought-out estate plan consists of more than a will. Take care of your family Suppose you have minor children or incapacitated adults...
What your Estate Plan Needs in Case of Incapacitation
Estate planning involves more than final wishes in the event of your death. It also prepares others for what should happen when there is permanent incapacitation. Many documents are usually necessary to cover every potential issue. Work with an estate planning...
How a Special Needs Trust can enhance benefits for the recipient
If you want your loved one with special needs to enjoy a better quality of life, a Special Needs Trust might be the answer. There are different trusts for different circumstances, but all allow the beneficiary to continue receiving essential government benefits. About...
3 estate planning tips for blended families
Estate planning is one important way for parents to give themselves peace of mind and ensure that their children have the support they need no matter what the future brings. When one or both spouses enter a marriage with children from a previous relationship, though,...
Why your estate plans should include Power of Attorney
Not many people relish the thought of having to give up control to rely on others to make choices for them. Yet, a critical aspect of successful estate and retirement planning requires you to consider who or what organization you want to manage your finances and...
How to discuss estate planning with your parents
Our parents were the ones providing support and guidance when we were young. They helped us become responsible adults who plan for the future. Now may be the right time to make sure your parents have done the same. Specifically, it could be time to ask them about...
Why should you include cryptocurrency in your will?
When cryptocurrency was first introduced, including your earnings from it in your estate plan was practically unthinkable. But today, many people in Pennsylvania and elsewhere have cryptocurrency wallets that are worth hundreds, or even thousands, of dollars. How can...