Author Archives: Site Administrator
Will Contests May Be Rare, but They Do Happen
In an ideal world, wills and estate plans are created when people are sound of mind and body, just as the familiar legal phrase describes. The best way to avoid a will contest is to have a well-written will, prepared by a qualified estate planning attorney who can help avoid legal contest. However, there… Read More »
Financial Scams: How to Protect Yourself
It’s scary to think about. A time in life when people have the most assets under their care, is also the time that aging begins to take its toll on their bodies and their cognitive abilities. The legions of individuals actively preying on seniors with financial scam to take advantage of them seems to… Read More »
Should Military Veterans Pay for Benefit Assistance?
The Tribune-Review’s article, “Veterans don’t need to pay for help to apply for benefits in Pa, ” explains that the issue of military veterans being charged when applying for benefits is a common problem in Pennsylvania. There are about 800, 000 veterans in the Keystone State. The article warns that there are still some… Read More »
Keep Calm and Don’t Change Your Social Security Plan
Lacking any kind of reform, the Social Security trust fund will be depleted by 2035, and the system won’t be able to pay out all of the benefits that are expected—but don’t panic, says Barron’s in the article “No, Don’t Take Social Security Early. Yes, Even Though It’s Running Out of Money.” Despite the… Read More »
What You Need to Know about Trusts for Estate Planning
There are many different kinds of trusts used to accomplish a wide variety of purposes in creating an estate plan. Some are created by the operation of a will, and they are known as testamentary trusts—meaning that they came to be via the last will and testament. That’s just the start of a thorough… Read More »
Will a Reverse Mortgage Help Me in Retirement?
It’s not uncommon for a homeowner to take out a home equity line of credit or borrow against an existing one. This can provide the funds to pay some bills and stay afloat. Another option if you’re at least 62 with a home that’s not heavily mortgaged, is to take out a reverse mortgage…. Read More »
Which Type of Power of Attorney Do I Need?
A power of attorney is a document that grants a person the legal authority to make decisions about certain aspects of another person’s life. It gives a trusted person of your choosing the right to act as your agent in either highly specific or general decisions, depending on the type of power of attorney…. Read More »
How Do I Create a Medical Power of Attorney?
A medical power of attorney is a legal document (also called a healthcare power of attorney or durable power of attorney for healthcare) that names an agent to make medical decisions on your behalf, explains Yahoo Finance’s recent article, “How to Set Up Medical Power of Attorney.” A medical power of attorney gives a… Read More »
Complete Your Financial Plan with Estate Planning
If you are among those who haven’t put together a basic estate plan, you should make every effort to accomplish this in 2019. Your family and friends will thank you. The Minneapolis Star-Tribune’s recent article, “No financial plan is complete without a basic estate plan” reports that, while Americans are living longer, it was… Read More »
What If Your Executor Doesn’t Want to Serve?
When you’ve finally come to determine who you trust enough to serve as your executor, you’ll need to take the next step. It involves having a conversation with the person about what you are asking them to do. You’ll need to ask if they are willing, says the Pocono Record in the article “Don’t… Read More »