Estate Planning
New law impacts gifting rules, triggers need to update estate plans
Gifting is an important estate planning tool with tax and Medicaid eligibility consequences. The governing rules evolve and such changes can trigger the need to review and update estate planning strategies. A strategy that worked under one exemption amount, one...
Can family members legally challenge the terms of my living will?
When you sign a living will, you establish your legal authority over your own future medical treatment. The purpose is to protect your personal wishes from being overridden by others, even well-meaning family members. Still, the moment this estate planning tool is...
Creating a Power of Attorney in Pennsylvania
A Power of Attorney (POA) is a crucial legal document and an important part of your estate planning. This document allows you to designate someone to make decisions on your behalf when you are unable to do so. In Pennsylvania, a POA is not just a good idea. It is...
Which trust is best for my legacy? Three options
Estate planning is a critical process for individuals looking to manage their assets and provide for their loved ones after they pass. One of the fundamental tools in estate planning is the creation of a trust. Trusts can offer control, privacy, and sometimes tax...
Should a spendthrift trust be part of your estate?
Creating an estate plan can be challenging for anyone in Pennsylvania. You may have multiple loved ones to whom you want to leave assets after your passing. However, you may already know that some potential beneficiaries don't spend their money wisely. For these...
Establishing a special needs trust in Pennsylvania
Caring for an elderly relative in Pennsylvania comes with some rewards but also many challenges. Those needing to establish a trust to provide financial security for their loved one probably have a lot of questions about the procedure and options. The most common type...
Estate planning for a happy retirement
There's plenty to think about as you get ready to retire. It's a crucial time to make sure your estate plan is in fully order and properly set up to distribute your assets to your Pennsylvania beneficiaries once you've passed on. Review your will and employer plan...