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Estate Planning

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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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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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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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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Tuesday, August 20, 2019

Beneficiary Forms: 5 Common Mistakes

Are the beneficiary designations on your accounts mere afterthoughts? Consider how important these designations are, and the fact that things can go very wrong if these designations aren't correct. Read about five common mistakes in this blog.
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Tuesday, June 18, 2019

Prepare for the SECURE Act


This has been under the radar for most folks, but be prepared. Last month, the U.S. House of Representatives passed the SECURE Act, a bill to change the laws on retirement savings. The U.
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Tuesday, May 21, 2019

Aretha Had a Will After All!

Aretha Franklin, the Queen of Soul, died in August 2018 without a will -- until today, when 3 handwritten wills were uncovered. What could possibly go wrong?


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Wednesday, May 15, 2019

Deathbed Wills


DEATHBED WILLS: Why are they problematic? For a few reasons:

#1 - You don't have a clear frame of mind to plan your estate. If you're not thinking clearly, chances are, your plan won't work.

#2 - You may have a few children, but only one is by your bedside, essentially writing the will for you and telling you to sign it. This is improper, and depending on several factors, could be subject to challenge. Your will is YOUR will, and you must be the one that considers what's part of the will.
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Thursday, February 14, 2019

Your Beneficiary May Be A Stranger!



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Thursday, November 29, 2018

Federal Estate Tax Update


In December 2017, the Tax Cut and Jobs Act of 2017 was passed by Congress and signed into law. The updated 2019 exemption amount for estate taxes and gift taxes is $11.4 million per person, or $22.8 million for a married couple. If you have more than this amount when you die, your estate is taxed at 40%.
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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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