Estate Planning
Estate Planning for Horse Owners
You’ve done it. You’ve completed your estate planning, including the creation of your Will. Your final wishes are cared for. But are they? If you’re a horse owner, you know that their lifespan is 25-30 years. Did you remember to include instructions for ongoing care of the horse in the event you pass away first?…
Read MoreI Don’t Need a Will. I’m Married.
Many people avoid preparing a Will because they think, “If I die without a Will, my spouse will get everything anyway, right?” This is a misconception can lead to unexpected – and likely, expensive – consequences. Dying without a Will triggers what is known as “Intestate Succession.” When you die intestate, the disposition of most…
Read MoreGeneral Power of Attorney, a Financial Power of Attorney, or a Durable Power of Attorney. What’s the Difference?
People refer to Powers of Attorney as “General,” “Financial” or “Durable” Powers of Attorney, and in most cases, people are referring to the same document. “General” usually refers to the Principal granting the Agent all types of powers in the event the Principal does not act. Others refer to the Power as a “Financial” Power…
Read MoreWhat is a Living Will or Advance Directive and How Does it Relate to a Health Care Power of Attorney?
When people refer to a Living Will or an Advance Directive in Pennsylvania, they are referring to the same thing. In Pennsylvania, adults — with a few exceptions — have a right to decide whether to reject, accept, limit or discontinue medical care/treatment. You have the right to make your own health care decisions as…
Read MoreDo I Really Need a Will?
So, you may be asking yourself, “Do I really need a will if I have little property or money?” Many people think that their “children will handle everything” or that they “don’t have much” so they don’t need a will. However, the answer is a clear “Yes. You need a will.” A will is simply…
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