People in the Gettysburg area may put off estate planning in part because it is not pleasant to think about dying. Although it can be a hard process emotionally, creating an estate plan which includes a will or trust early, and updating it often can save loved ones a...
Estate Planning
Estate Planning
Remarrying couples need to update their estate plan
Many Gettysburg area residents remarry at some point after their initial marriage ends. Remarrying is a joyous occasion for the happy couple; a chance for a new start. But it can also result in complications for estate planning. A remarrying couple should make sure...
Trusts can help provide for the vulnerable
Trusts are powerful instruments for wealth management and estate planning. They are also highly customizable, and can be adapted for a wide variety of purposes. For instance, many wealthy people set up trusts to help provide for their favorite charities. However,...
Keeping documents updated is vital for effective estate planning
Pennsylvanians undoubtedly understand the value of having a comprehensive estate plan to address their property, goals and protect their loved ones in the future. This is a fundamental necessity for everyone whether they have significant assets or are of modest means....
Avoiding estate-planning pitfalls when getting remarried
Planning for the future can be challenging right now because so many things in life are likely up in the air or simply unknown. Nonetheless, this does not mean that individuals cannot take steps to protect what they currently have. Even though so much of life is not...
Who is your best choice for estate executor?
As a Pennsylvanian working on your estate plan, you need to start putting serious consideration into who you want as an executor. This is crucial for the overall structure and success of your estate plan. But how do you make such an important decision? Is there any...
What happens if no one files probate?
When a person creates a will, he or she typically names a person who he or she wants to execute the estate. It is the executor’s responsibility to distribute the testator’s assets upon his or her death, and for settling all debts. The law does not require a person to...
Planning to avoid estate taxes
As you work your way through the estate planning process in Gettysburg, you likely notice that there will be opportunities to reduce liabilities against your estate. Limiting estate expenses has been a recommended strategy for several years, yet like most of those...
What should be in your estate plan?
When you start the process of estate planning, you may only make a plan for who gets your assets. But there is much more to the process than leaving your inheritance behind. You also want to prepare for what happens to you as you get older. An estate plan should...