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December 2014 Archives

Marriage may require new estate planning

Pennsylvania residents who are contemplating marriage in the near future know that planning is essential and helps to make the experience seamless. While that is true for a wedding, it is also true for financial planning after the ceremony is over. There are issues that require attention to enable future security for the couple and their family.

The importance of proper estate planning in Pennsylvania

When it comes to estate planning, a little foresight can go a long way. This is because what the law says about passing down assets may contradict with the wishes of someone who has passed away. For instance, it may not be possible to pass down assets from a grandparent to a grandchild without specifically including the grandchild in a will or trust.

Planning for disability care expenses

Many families do not plan adequately for the care required for older individuals. When an aged adult acquires a disability that demands additional services, Medicare and other plans are often not sufficient to meet these needs. It may be important for Pennsylvania families to have an estate plan put in place to handle possible disability expenses.

What is a living will and do I need one?

Although people in Pennsylvania may have heard of a living will, they may not understand what it is or what it involves. In contrast to a regular will, a living will governs how a person will be treated medically in the event he or she is no longer able to make decisions due to being incapacitated.

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