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As the new year dawns, you want to maximize your financial savings. If retirement looms, the actions you take now may pay off later. The government institutes maximum contributions for retirement savings, especially those that defer taxes. However, there is a way you...
If you own digital assets, you need to include them when you plan your estate. You should also update an existing estate plan to cover digital property such as social media accounts, video and photo files, and domain names. Review these considerations when estate...
From wills to advance directives, Pennsylvanians have many options for creating comprehensive estate plans. Which estate planning tools are right for you and your family may depend on the size of your estate, your tax burden and your personal goals. For many residents...
When you create a will, you outline your wishes for the division of your property after your death. You can also name a guardian for any of your minor children. Although creating a will is an important step, many people do not have one of these documents. According to...
Planning for long-term care helps you and your family prepare for the expense of home care and preserves your assets for future generations. Creating a Medicaid plan enables you to pay for needed care without depleting your hard-earned savings. Cover long-term care...
Many Pennsylvania residents put off estate planning, and they often do so because they either feel it is something they might do later or because they think they do not have enough assets to make it worthwhile. However, there are strong arguments as to why you should...
After a spouse or a parent passes, navigating the probate process can be extremely complicated. Even when someone has a will in place, there are many logistical issues and legal matters involved with administrating an estate. Getting legal counsel can help remove a...
You worked hard to be able to leave something behind for your loved ones, but now, you have a child who is struggling with a substance abuse disorder. If you are not careful when crafting your estate plan, you run the risk of doing one of two things. You may wind up...
A power of attorney is one of the most important tools in the estate planning toolkit. People use these versatile documents to accomplish a variety of goals. In general, a power of attorney gives one person, called the agent, the legal authority to make certain...
Your children are always top of mind. But have you considered their futures in the case of your untimely death? You can name their guardian in your will. The guardian will be legally responsible for your children's well-being while they are under the age of 18,...
