All Americans who wish to protect their families and themselves must have an estate plan. Making sound decisions regarding finances and healthcare can become challenging as you age due to diminished mental capacity or declining health.
This was a question we received from a client: A revocable trust created by my brother left money to my children – but they could only use that money if they went to Tanzania to see elephants. Why can’t my kids put that money toward something they could use, like paying off their mortgages? The trustee says she has no choice, and she has to follow my brother’s instructions.
Estate planning and elder law serve different functions, but both are equally vital to protecting yourself and your family.
For generations to come, you have worked hard to create and protect your legacy. But have you thought about the impact it will have on family members who are in different stages of life after you are gone?
The Internet of Things (IoT) is intertwining our lives, so identifying and managing the digital property we own is more critical than ever. From smart home devices to online investments and bank accounts, we’ve gone way beyond using the internet to email family and social media to connect with friends.
There can never be enough emphasis placed on making end-of-life preparations. Many put off making these plans thinking there is always time. The sad reality is that none of us are guaranteed time.
Special needs trusts, often referred to as supplemental needs trusts are an estate planning tool particularly useful for parents of mentally and physically disabled children.
A comprehensive estate plan is the first step to transferring wealth to your loved ones successfully. However, many of us often overlook the crucial part of communicating our estate plan to family and heirs.
Where there’s a Will there’s a way, and some ways that various WIlls have distributed property and money range from creative to strange.
Estate plans are only useful when they accurately reflect the current state and federal tax law, as well as your client’s circumstances.
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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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