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Heritage Tree LogoAt What Age Should I Create An Estate Plan in Pennsylvania?

At What Age Should I Create An Estate Plan in Pennsylvania?

Most people think that you don’t need to create an estate plan until you are older, however, that is not the case. In Pennsylvania, you can create an estate plan as early as 18 years old. It is advised that you begin estate planning as soon as possible to ensure your hard-earned assets are left to your loved ones. Contact our firm to speak with our experienced Pennsylvania estate planning attorneys at Heritage Elder Law & Estate Planning to get started today.

When should I create an estate plan in Pennsylvania?

There is no correct answer to when the appropriate time to start planning for your estate is. It is recommended that the sooner the better. Once you have built up assets, it is in your best interest to have them accounted for in the event that something happens to you.

If you are unsure if now is the right time to begin building your estate plan, our skilled estate planning attorneys can assess your situation and help you make the best decision.

Why should I create an estate plan?

There are many reasons why you should create an estate plan. One of the biggest reasons people will create an estate plan is to ensure that their assets are distributed to their loved ones. Even if you aren’t married, you can still include a partner in your estate plan through the creation of the following documents:

  • Wills and trusts: These documents help ensure that your assets are transferred to your loved ones when you pass away.
  • A durable power of attorney: This appoints a loved one to be able to make financial decisions on your behalf.
  • A medical power of attorney: This document gives a loved one the power to make important life or death medical decisions on your behalf if you were unable to do so yourself.

What is a digital estate plan?

Technology has become prevalent in today’s society. In order to ensure your estate plan encompasses all of your assets, it is important to account for your digital assets. This can include social media logins and passwords, online gift cards and rewards cards, intellectual property, photos, videos, cryptocurrency, smart devices, and more. It is recommended that you appoint a digital executor to handle these assets upon your passing.

Contact our experienced estate planning attorneys at Heritage Elder Law & Estate Planning today to make sure that your estate plan is not missing anything.

CONTACT OUR EXPERIENCED PENNSYLVANIA FIRM

Whether you are dealing with matters involving estate planning, estate administration, or elder law, you need a legal team that you can feel confident will represent your best interests, every step of the way. We are that legal team. Contact Heritage Elder Law & Estate Planning today so we can get started.

Estate Planning & Probate

Whether you’re looking to secure your family’s future, protect a loved one’s assets or provide a loved one with the financial assistance he or she needs to afford long-term care, we are committed to serving your needs. We consistently offer creative and effective solutions to your most complex and sensitive estate planning needs and help your wishes come to fruition through our probate service.

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Elder Law, Medicaid Planning & Asset Protection

Everybody’s life is full of both expected and unexpected challenges. With our experience with elder law issues, we can help you enjoy the later years and retain full control over decisions that directly impact you. The attorneys at Heritage Elder Law & Estate Planning view every challenge as an opportunity. We can help you or your loved one today.

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