Blog

1. Yes, you should have an attorney. We might be biased on this one, but families agree that having an experienced Bucks County Estate planning attorney by their side makes the process easier and much more thorough. If you or a loved one is considering hiring an estate planning attorney, interviewing and reviewing the credentials of several local attorneys will help begin a working relationship. Maintaining a relationship with your estate planning lawyer is important for not just the creation of the estate, but the maintenance and administration phase with heirs or beneficiaries. Ensuring...
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All too often, families find their lives in upheaval after a medical emergency strikes a loved one. We hope it never happens so we try to take the appropriate measures – draft a will, compile estate documents, and execute a power of attorney. But sometimes, even those documents aren’t enough when presented to a third party, such as a bank. Requiring more signatures, re-signing and re-notarizing, banks often make a bad time worse when it comes to honoring legal documents. Fortunately, recent changes to Act 95 update the financial power of attorney law in Pennsylvania making it easier for...
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To start, there are two different types of trusts, either living trusts or testamentary trusts. A living trust is created during the person’s lifetime, whereas the testamentary trust is established after death as part of the will. When it comes to living trusts, they can either be revocable or irrevocable. A revocable trust can be changed or modified at any time; you stay in control of all the assets and change the terms whenever you choose. An irrevocable trust does not allow the same flexibility; changes cannot be made without the beneficiary’s consent. The assets in the trust are no...
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