Recent changes to the law in Pennsylvania regarding Powers of Attorney allow agents under the power of attorney broader gifting power than under the previous law.
USING A PENNSYLVANIA POWER OF ATTORNEY FOR GIFTING
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10 TIPS FOR FIRST TIME HOME BUYERS
Before diving into which neighborhood, or how many bedrooms you are looking for, determine what price range you can afford by speaking with a mortgage professional.
Co Executors of a Will in Pennsylvania
One of the decisions that must be made when drafting your Will, is who to name as Executor of your Estate. An Executor is an individual (or an entity such as a trust company), named in the Will, who will administer your estate.
Incapacity is Part of Estate Planning
When many people think about putting in place an estate plan, they often only think about wills, trusts, probate administration, and passing along property and other assets.
Digital Assets and Estate Planning
As a follow-up to our email discussion of including digital assets in your estate planning, there are several websites and services designed to address these issues.
How to Choose an Executor
One of the important decisions you’ll need to make in writing a will in Pennsylvania will be to name an executor.
Estate Planning for Parents
Wanting to protect your children when you aren’t there to do so is one excellent reason to develop an estate plan. Here are some leading child-related issues to consider as part of your estate planning efforts.
For Heirs Requiring Continuing Care, Consider Special Needs Trusts
If the beneficiaries of your estate include anyone with significant physical or mental limitations making it likely he or she will require continuing care, you should think about a special needs trust, especially if it’s important to retain that individual’s eligibility for government benefits programs, such as Medicaid or Supplemental Security Income (SSI).
When You Might Consider Creating a Living Trust
It’s crucial to note a living trust does not take effect until specific assets have been transferred into the trust to fund it; this may require additional paperwork to complete formal transfer of those assets’ title.
Delaware Enacts New Model Law to Aid Access to Digital Assets
Gov. Jack Markell’s August 12 signing of the “Fiduciary Access to Digital Assets Act” made Delaware the first state to adopt a comprehensive law giving fiduciaries, including estate representatives, improved access to a decedent’s digital accounts and assets.
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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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