A survey conducted by Care.com revealed that 57% of Americans do not have a Last Will and Testament (a “Will”).
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.
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.
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.
Estate Settlement Without a Will
Caring.com reports that, despite the COVID-19 pandemic, overall percentages of older Americans without a will remain unchanged. Remarkably, younger adults with a will show an increase of sixty-three percent comparative to pre-pandemic times.
Probate Is the Process of Transferring Property
Legally, probate is the process of authenticating the will of a deceased person, reviewing their assets, paying their debts and taxes, and...
Ensure Your Final Wishes Are Fulfilled
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.
Can You Bequeath Your Frequent Flyer Miles?
If you’re a frequent airline traveler, one of your estate planning concerns may be what will happen to your frequent flyer miles. They could be worth thousands of dollars, so you probably don’t want them to just disappear.
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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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