You must appoint someone to administer your estate to act as your personal representative or executor after you're gone when you draft your will. Selecting the right person for that role can prove challenging. There are a few important attributes that you should look...
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Estate Planning And Probate
How to tell your adult children your estate planning wishes
Talking about money, especially in detail, is something many people consider rude. Even when with their own families, they may shy away from discussing it. However, not being explicit about money and your estate plan could set your family up for problems in the...
How to create a will that people accept
When you create your will, the aim is that your family accepts it as your final word, that the people you say will get the things you decide, and no one will argue with that. However, as many families find out, sometimes wills can lead to bitter disagreements. How can...
Can you avoid probate court for an estate in Pennsylvania?
Different people have different goals when planning their estates, but a common goal quite a few people have is to avoid probate court. People see probate as expensive, which it can be. They also know that it can mean months before their loved ones can utilize the...
Set your estate plan to care for your children
Itโs a tragedy when a child loses both parents. While no amount of estate planning could help the child with the emotions theyโll feel during this time, having a plan set for their care could help to minimize the stress they feel in the days following their parents'...
DIY wills may not achieve your purposes
If youโre like a lot of people, you may have put off doing your important estate planning. Itโs never pleasant to contemplate oneโs mortality but it is necessary to make plans for what is to transpire at the end of your life and beyond. Some Cranberry Township...
New baby? You need to update your estate plan
Around 64% of adults in this country donโt have a will. While this is a bad situation for many people, it is a tragedy for new parents. Not having an estate plan means that your assets will be passed along to beneficiaries based on the stateโs intestate laws. But, if...
Trust protectors activate when trust funds come under threat
Families in Pennsylvania interested in segregating their children's inheritance from marital assets should the heirs get married sometimes use trusts to hold the assets. A trust can be set up that names the heir as trustee. This grants the heir some control and access...
Irrevocable trusts often useful for medical professionals
Those in Pittsburgh who want to set up a trust to leave behind for their loved ones after they pass may have heard about irrevocable trusts. Learning more about this type of trust can help when planning an estate.An irrevocable trust is a type of trust that gives...
Avoid these common estate planning mistakes
While everyone knows that they will not live forever, it can still be uncomfortable to discuss and plan for the end. Death and long-term care can be difficult to fathom, but if a person wants to take control of their situation, they will take estate planning and...