Late-in-life divorces, also known as gray divorces, can be particularly challenging. Knowing the issues involved may be helpful if you're over 50 and going through a divorce in Pennsylvania. Employment and children There may be added financial difficulties for those...
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What you need to know about CDFAs in Pennsylvania
One of the most important aspects of divorce is figuring out how to divide up the assets and debts of the marriage. This is where a Certified Divorce Financial Analyst (CDFA) can be invaluable. Who is a CDFA? A CDFA is a financial professional who has been trained in...
Estate planning for a blended family in Pennsylvania
If you are a blended family, it is important to have an estate plan in place. Blended families can be more complicated when it comes to inheritance and estate planning. There are many things to consider when creating an estate plan for a blended family. If your will...
Are there times to change your estate plan?
Writing a will represents a responsible step someone could take to help Pennsylvania family members and other beneficiaries. A will may reflect one component of a comprehensive estate plan, as other documents might address financial and health matters. While taking...
Knowing how to use a Medicaid trust
You can use a Medicaid trust to protect assets from liquidation if a person requires an extended stay at a nursing home. In Pennsylvania, Medicaid limits might be enforced. When the trust works, long-term facility care won't require upfront, often expensive costs....
What is a generation-skipping trust and how does it work?
As a resident of Pennsylvania, you might want to create a trust to leave your assets to your loved ones. If you’re getting older, you may want to create one that leaves your assets to your grandchildren. A generation-skipping trust could be the best option. What is a...
Estate planning when Alzheimer’s runs in your family
One element of creating an estate plan is thinking about your long-term care needs. This involves considering who you may want to be in charge of your Pennsylvania assets and health care if you are incapacitated. However, if you have a history of Alzheimer's disease...
Adding your Google account in your estate plan
Society exists mainly online these days. Instead of physical filing cabinets with all of your information, most of your important documents or photos might exist on your Google account. Many websites are giving people the option to say what happens to their account in...
How can you preserve your wealth for future generations?
If you've accumulated a lot of wealth or financial assets in your lifetime, you probably want to ensure that your family members in Pennsylvania can enjoy the wealth for generations to come. However, you've heard the stories about people who inherit a large sum of...
