What’s in a Will?

Thinking about creating a Will, but not sure what that really means? The structure of an Estate Plan will vary from person to person, but a comprehensive Will should include the following documents: 1. Last Will and Testament 2. Financial Power of Attorney 3. Healthcare Directives A Comprehensive Estate Plan Your Last Will and Testament is a legal document that …

challenge executor

Can I Challenge the Executor?

An executor of a will is the deemed representative selected to pay off any debts and distribute the estate and assets as set in terms of the will. A family member may challenge the executor and the challenging processes is done through a trial where a judge looks at the issues raised. Courts typically remove executors if they fail to …

Complete Breakdown of Wills and Last Testaments

What is a Will? This is the most natural place to start, what is a will exactly? A will is a legal contract to be executed in accordance with state law that directs the distribution of assets when you die. In additions to distributing assets, a will can also name a guardian for orphaned children. What is Required for a …

Americans’ Plans for the Future: A Sad (E)State of Affairs

Are you really as much of a Type-A proactive planner as you think you are? That’s the question Fox Business is asking its readers. A new poll finds that only 34% of Americans have drafted a will. That means that about two-thirds of the American population have absolutely no plan in place for their eventual passing. That represents millions of …

The Dos and Don’ts of Elder Care Planning

When it comes to preparing for old age, there is so much to consider and decide that the mere thought of it can feel overwhelming. It’s no wonder so many people delay the inevitable — though they end up wishing they hadn’t. View image | gettyimages.com To make life easier, Pennsylvania’s Sentinel recently published a list of general dos and …

Why is a Will Important?

  What is a will? Why is a will important? Before these two questions are answered, ask yourself, “Do I own property or assets?” If you’re like most Americans, then the answer is yes and you should sit down and put together a will at some point. That way you, rather than your state government, decides who gets what when …

Outdated Estate Plans Lead To Nasty Surprises

Imagine a 90-year-old man named Jerry. He’s a sharp and thorough gentleman, so naturally, he locked down his estate plan years ago. His has it all — the will, the trusts, the healthcare directives, the powers of attorney, you name it. Attorneys, financial planners, and family members have all reviewed his documents, and they’ve approved. No stone is still unturned. …