Procrastination is part of human nature. People naturally try to avoid activities that they find unpleasant. Many people find it easy to put off estate planning because they don't want to think about dying and worry about the costs involved. However, estate planning...
Making Bloomsburg A Better Place To Live And Age
Estate Planning
3 reasons single people need a comprehensive estate plan
For many people, concern about their loved ones is what inspires estate planning efforts. They want to name a guardian for their children or ensure their spouse receives certain property from their estate. Unmarried people without children often assume but they don't...
Why the five-year Medicaid lookback period can affect estate planning
Many people who are preparing for retirement decide to create estate plans. Those who already have estate planning paperwork may review and update their documents before retirement. People's priorities and circumstances change over time, making the regular review of...
Why is a durable power of attorney so useful during retirement?
Discussions about powers of attorney often focus on the function of the document. Many people put together financial or medical powers of attorney that designate an agent to assume certain types of authority in the event of an emergency. They name someone they trust...
Tips for administering your parent’s estate
Many Pennsylvania residents name one of their children as the executor of their wills. If one or both of your parents have designated you as their executor, you will deal with a range of emotions in addition to the administrative tasks involved in administering the...
What to put in your estate plan
Items in your estate such as a Pennsylvania home, a car or funds in a bank account will need to be accounted for after your death. You can do this by using a will or by shifting assets outside of your estate through a trust. A trust can also be used to manage your...
Should my young adult child have a power of attorney?
Although Pennsylvania estate plan advisers advise the creation of a durable power of attorney for your finances during your later years, is the same document viable for a young adult just embarking on life? After a child reaches his or her 18th birthday, they are...
The importance of drafting end-of-life directives
As they age, many Pennsylvania residents prefer to remain in their homes because they are more comfortable in familiar surroundings. While such situations may make elders happier, staying in one's home can pose potential problems as health declines. If you think this...
The disadvantages of probate in Pennsylvania
Probate is a legal process in Pennsylvania that most people try to avoid. Although it helps, it may be unnecessary, given the numerous other ways to distribute assets to your loved ones. Understanding probate Probate consists of authenticating a decedent's will and...
How to reduce tension as an executor in Pennsylvania
It's an honor for someone in Pennsylvania to entrust you to carry out their wishes and care for their loved ones and estate. But, dealing with taxes, creditors, squabbling family members, and sometimes assets that are outside the state, with the court watching your...