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Philadelphia PA Estate Planning Blog

Tuesday, March 17, 2020

COVID-19 and Estate Planning


With COVID-19 and non-stop talk about the Coronavirus spread, is now the right time to start thinking about estate planning? Certainly, events like this force all of us to think about essentials--taking care of ourselves, our family, and making sure we have enough food and supplies. It is natural to want to put any non-essential task/project aside. I know I have done the same, preferring to use my time, energy and money for essentials right now.

My office is currently working virtually for the time being. Estate planning in Pennsylvania still requires documents to be signed, witnessed and notarized in person.
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Tuesday, February 11, 2020

The State of Estate Planning

This year, estate planners around the country are dealing with the new SECURE Act that Congress passed and the President signed into law late last year. The SECURE Act went into effect on January 1 and makes several changes to retirement plans.

For clients hoping their children or loved ones would be able to “stretch” an inherited IRA out over his or her lifetime, the new law restricts the payout time to 10 years. Those who’ve added an extra layer of protection using an IRA Trust will have to consider modifying such a trust, while also considering new planning opportunities.

As I tell clients, estate planning laws change every few years.


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Tuesday, December 17, 2019

Common Excuses for Estate Planning Procrastination

Procrastination with estate planning is common, but nonetheless unfortunate. Without a proper estate plan, you risk family conflict, placing a burden on loved ones during a difficult time, and ultimately leaving less money for the people you want to provide for. Having an estate plan is like having an insurance policy—you hope you never need it, but when you do, it’s there for you.  I have heard many excuses for failure to plan during my years of practice and describe a few of my ‘favorites’ below.


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Wednesday, December 4, 2019

Fraud Galore: Unclaimed Money & Real Estate Scams

We are deluged with scams today — whether it be by email, mail or telephone. Always have your guard up and if in doubt, never give out your personal information! 

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Tuesday, December 3, 2019

The Essential Estate Plan

Let’s take a step back this edition and make sure you’re up to date on the essential estate planning components (for Pennsylvania residents). Think of estate planning like building a house. Every house needs a solid foundation, and that’s what I discuss below. However, you may require features such as a home office, an in-law suite, a two-car garage, etc. Just like building a house, each estate plan will vary. 

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Monday, December 2, 2019

Tips for Staying Cyber Smart this Holiday Season

Cyber Monday seems to now regularly eclipse Black Friday. We are doing more and more of our shopping online. Amazon and other companies make it so easy to do a "one click" purchase, with all of your credit card and other info saved. 

Yes, holiday shopping online can be convenient and stress free and a great way to send gifts to loved ones who are not close by.  Unfortunately, though, the technology that makes our shopping lives easier also makes us more vulnerable to fraudsters and attackers.  So, we put together seven tips that you should keep in mind whenever you're online, on the phone or on a mobile device.


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Tuesday, October 22, 2019

Five Estate Planning Myths


There are lots of misconceptions about estate planning, and any one of them can result in costly mistakes. Understanding who needs an estate plan and what it should cover is key to creating a plan that is right for you and your family.

We have touched upon this previously, but it bears repeating.  A properly crafted estate plan allows you, while you are still living, to ensure that your property will go to the people you want, in the way you want, and when you want. It offers the comfort that your loved ones can mourn your loss without being simultaneously burdened with unnecessary red tape and financial confusion.


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Wednesday, September 25, 2019

Making Your Funeral Wishes Known

Don't leave your family in the dark about your desired funeral arrangements.  Making a plan in advance can provide support for your loved ones during a difficult time.
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Wednesday, September 25, 2019

$500 Million Legacy Battle

A $500 million legacy is put on hold as family and attorneys battle over the late George S. Kaufman's estate.
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Tuesday, September 10, 2019

Estate Planning Tips - Do This, Not That!

Don't make common estate planning mistakes -- In this article, explore what it takes to create the most optimal estate plan for you and your loved ones.
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The Law Offices of Jeremy A. Wechsler assist clients with Estate Planning matters 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, Furlong, Philadelphia County, Bucks County and Montgomery County.

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