Ask any estate planning expert in Pennsylvania, and they will likely encourage you to identify those opportunities in the process that allow you to limit the liabilities that may face your estate. Some of those include planning to settle debts before your death and...
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Estate Planning
Revise your estate plan after divorce
Divorce is often a complicated and messy process. Separating two lives takes careful planning and patience. After a divorce, it is essential to take the next step in that separation by revising your estate plan. Reconsider guardianship If you have children with your...
What are the different types of advance directives?
Most people think about their assets and property when the topic of estate planning comes up. However, there are estate planning steps you must take to protect yourself while you are still alive. This is where an advance directive comes in. According to the American...
How may a trust provide my heirs with income from my real estate?
A trust may hold your valuable properties and use them to provide income for your family after you die. As noted by MarketWatch, you may change the name on the titles of your real estate assets and financial accounts when you create a trust. After placing your assets...
What are some estate issues to discuss with heirs?
As you make your estate plans, consider discussing what you have in mind with everyone involved like your family members or anyone who will inherit from you. Keeping your estate plans in the dark while you are alive might cause misunderstandings among your heirs after...
Estate planning 101: What happens to my children if I die?
Parents of young children may feel like they are in survival mode. Afterall, they are often rushing between work, school, taking care of their children, and getting them to activities to help ensure they learn social and academic skills to set them up for success all...