Share

Pennsylvania Estate Planning Blog

Thursday, May 30, 2013

Why YOU Need An Estate Plan

Whether you have no estate plan, or have an old estate plan, this article is for you.

Ever wonder what your legacy will be when you pass on? Having a well-drafted estate plan can ensure you leave a positive legacy.

Here are a few reasons why you need to put an estate plan in place:

1. Without a will or trust, the government will dictate what happens to your assets, real estate and personal belongings.

2. If you become incapacitated, you need to ensure that you appoint a person you trust to manage your affairs and make health care decisions for you.

3. Protecting your kids, grandkids or others from their own bad habits (spendthrifts, etc.) and external problems (creditors, divorcing spouses, bankruptcy, lawsuits) is more important than ever today. Do you really want your heirs to squander the inheritance you leave them?

4. You must have an Executor or Trustee appointed to manage your estate when you pass on. If you do not name an Executor, the state will appoint one for you.

5. By putting a plan in place, you may be able to reduce taxes and fees for your estate.

6. You can reduce or avoid conflicts in your family by having a well-crafted estate plan.

7. You can create trusts for your kids or grandkids to ensure the inheritance is spent as you wish, such as for college, a new house, etc.

8. An estate plan helps organize your affairs, accounts, and belongings, making it easier for your family to determine how to distribute your estate.

If your plan is not up to date, or you do not have a plan, please give us a call at (215) 706-0200 to schedule your consultation with Your Estate Planning Attorney Jeremy A. Wechsler.


Archived Posts

2013
2012
2011
December
November
October
September
August
July
June
May
April
March
February
January
2010
December
November
October
September
August
July
June
May
April
March
February
January
2009


The Law Offices of Jeremy A. Wechsler assist clients with Estate Planning, Wills, Trusts, Asset Protection, Special Needs Planning, Powers of Attorney, Will Challenges and Probate/Estate Administration in Willow Grove, PA as well as Abington, Hatboro, Dresher, Horsham, Bryn Athyn, Huntingdon Valley, Fort Washington, Jenkintown, Glenside, Oreland, Warminister, Wyncote, Ambler, Elkins Park, Flourtown, Philadelphia, Warrington, Cheltenham, Gwynedd Valley, Jamison, Feasterville Trevose, Richboro, North Wales, Blue Bell, Lafayette Hill, King of Prussia, Collegeville, Oaks, Phoenixville, Oxford Valley, Langhorne, Penndel, Bristol, Fairless Hills, Bensalem Plymouth Meeting and Furlong in Philadelphia County, Bucks County and Montgomery County.



© 2013 The Law Offices of Jeremy A. Wechsler | Disclaimer
2300 Computer Avenue, Suite H-42A, Willow Grove, PA 19090 | Phone: 215-706-0200
Wills and Trusts | Powers of Attorney | Probate / Estate Administration | Special Needs Planning | LGBT Planning | Retirement Account Trusts | Estate Planning For Pets | Elder Law / Long Term Care | Retirement Planning | Life Insurance / Long-Term Care Insurance | About Us | Resources

FacebookTwitter

Attorney Website Design by
Amicus Creative