Many people purchase life insurance policies so that they can help to provide for their family members even after they're gone. While this is noble, and usually a sound financial decision, it's imperative that you think carefully about how the insurance policy funds...
Firm News
Should parents give an equal inheritance among their kids?
Most parents will never admit they have a favorite child, no matter how often their kids beg to know. Most parents won't admit it because they don't have a favorite child. They love their children in different ways and maintain unique relationships with each of their...
Durable power of attorney agents should be in your estate plan
Having a durable power of attorney is important for several reasons, but the primary reason is because it gives you the peace of mind of knowing that someone will be there to take care of your finances and estate if you are injured or unable to do so on your own. A...
How is theft defined in Pennsylvania?
The crime of theft can take many different forms. This is why it is defined in different ways under the law. Categories of theft also differ significantly between states. This article will focus on how theft is defined in Pennsylvania, and on the main categories of...
Estate planning: What is an incentive trust?
You can use a lot of different types of trusts when doing your estate planning. For instance, if you have an heir with special needs, you may consider a special needs trust to give them financial help without making it so they can't get government assistance. If you...
Have you planned ahead to connect with Medicaid if you need it?
If you are close to or past the age of retirement, you have probably spent a significant portion of your working life accumulating assets that could support you during your retirement years. From a financial nest egg to the equity in your home, you will likely rely on...
Should I create a will or a living will?
Many people are confused about the differences between a will and a living will and wonder which document best fits their situation. However, a will and a living will are not variations of the same document, like how a living trust is a specific type of trust. A will...
Estate planning for the blended family
Everybody has a complicated family. For some that means drama or estrangement. For many, it means divorce, remarriage, and blended families. TV shows like Modern Family highlight that detail today, but it’s a long-running American concept – just think back to old...
Choosing the right executor for your will
Planning for your end-of-life needs is something many people tend to put off. It’s an uncomfortable topic that most people would prefer to avoid talking about. However, if you have a spouse, children or grandchildren, having a will and an estate plan is an important...
Deciding between revocable and irrevocable trusts
When you reach retirement age, you may begin thinking substantially about the many assets you have acquired throughout your lifetime. You know that you want to gift specific assets to certain loved ones, but you are unsure whether a permanent or changeable trust will...
