Plan Now, Not Later: The COVID crisis has only exacerbated a recurring problem we see at the law firm--folks waiting until it's too late to plan. I always emphasize the fact that you should be in control of your estate plan. It's not ideal if your adult child is attempting to be...
Category: Powers of Attorney
Long-Term Care Planning: One Thing To Do Right Now
Far too many of us are concerned/worried that we may need a nursing home or long-term care in the future, and that our estate may be in the red as a result. But unfortunately, most of us don’t do any planning.
Nursing homes have been in the news many...
Pennsylvania Power of Attorney Law Changing
Pennsylvania Governor Tom Corbett signed Act 95 of 2014 into law a few days ago, changing the laws on Powers of Attorney in Pennsylvania.
Act 95 makes the several major changes to requirements of Powers of Attorney. Some of the changes include:
Agent Responsibility: An agent now has a...Simple Will
The term "simple will" is heard often, and usually implies that someone does not think their estate is big enough or complex enough to warrant any planning.
However, the size or complexity of an estate does not seem to matter, for people who are set on a "simple will" range from very poor to very...
Do You Need a WILL or ESTATE PLAN?
It's not uncommon to hear people confuse a will and an estate plan. A will can be part of an estate plan, but is not a complete estate plan.
The question is, what is a "complete" family estate plan? Here's my definition broken down into bullet...
Top 10 Estate Planning Mistakes
We’ve all heard at least one estate planning horror story. Or we’ve seen one on TV. The surprise mistress that is given a large cut, the one child that has been written out of a will or feuding family factions each producing a different copy of the will. It all makes for great...
Critical Estate Planning Mistakes To Avoid
Stay Ahead Of The Curve: Planning For Incapacity
Caution: Plan For Long-Term Care Now!
The New York Times published an article two days ago entitled “To Collect Debts, Nursing Homes Are Seizing Control Over Patients.” As I began to read thearticle, two colleagues and a friend sent me a link to the story. We were all stunned.
In essence, author Nina Bernstein paints the picture of a nursing...
Powers of Attorney = Peace of Mind
This is not breaking news, but it’s an important reminder: A well-drafted Power of Attorney ensures that if you become incapacitated, a person you trust can step...