Rivalry among siblings. Most families cannot avoid it.
There Is Much More to a Will Than Transferring Assets
A survey conducted by Care.com revealed that 57% of Americans do not have a Last Will and Testament (a “Will”).
A Brief Overview of Irrevocable and Revocable Trusts
It is common to use revocable and irrevocable trusts in the estate planning process. Each has benefits and drawbacks depending on your goals.
Update Your Estate Plan on a Regular Basis
In addition to checking your estate planning documents every so often, you should also keep them up to date in case of a life-changing event, such as a birth, marriage, divorce, or move to a new state.
It’s Important to Know the Potential Pitfalls of Beneficiary Designations
The idea of leaving your property to your heirs might seem straightforward. You make a will or a trust, you do a transfer-on-death deed for your real estate, you put your kids on your bank account, you designate beneficiaries for your life insurance and retirement accounts, and you’re done.
As Part of Your Will or Trust, Include a Memorandum About Your Personal Property
It is common for family members to argue over a parent’s favorite items after the death of their loved one. Arguments can take place over things like a coffee mug, a piece of jewelry, or a painting.
A Living Will: Why You Need One
In a living will, you specify what type of treatment you would like to receive when you die.
The Powers of Attorney Age With Time: Take Action Now
As a result of his illness, my uncle needed me to pay his bills while he is in the hospital. He named me as his financial power of attorney in 2002, so I could write checks on his bank account when he couldn’t.
Making Sure Your Will Is Valid Is Crucial
Only 33 percent of Americans have a will, despite the fact that more than 50 percent find estate planning important.
How to Discuss Inheritance With Your Children
estate planning, baby boomers, inheritance
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About Cherewka Law
We are a law firm in Harrisburg, PA dedicated to providing comprehensive, highly personalized planning services to individuals, couples, families and businesses.
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