COVID-19 ANNOUNCEMENT: Our firm is dedicated to following all state guidelines and precautions to keep everyone safe. Our Butler, Franklin, and Greenville offices remain fully operational and open to the public. Our Cranberry Township and Erie offices may have limited access and availability so please call ahead.

If you are not comfortable meeting in person, call our office or click the button below to schedule a phone consultation with one of our attorneys.

Heritage Tree LogoEstate Planning Checklist | Critical Estate Planning Documents

Estate Planning Checklist | Critical Estate Planning Documents

As you know, it is critical to have an estate plan in place that will help both you and your family continue your lives with peace of mind. There are various facets to a comprehensive estate plan, which can make creating one seem like a daunting task. However, this does not have to be the case, as long as you have an experienced Pennsylvania estate planning attorney on your side. Below, we have compiled a short checklist of all the most important estate planning documents. They are as follows:

Wills

When someone writes a will, they essentially outline what they wish to happen with certain assets upon their passing. In a will, you will appoint an executor, or the person in charge of administering your estate upon your passing. You will also select beneficiaries, or the people you wish to receive portions of your estate upon your passing. Do not make the mistake of failing to create a will. Failing to create a will is known as dying intestate, and if this happens to you, your family will be left to sort out all of your estate matters on your behalf.

Trusts

Trusts have various functions, and there are various forms of trusts, though the primary purpose of creating trusts is to maximize your inheritance for your beneficiaries. In many cases, trusts can help avoid certain tax implications as well. Some of the most common trusts in Pennsylvania include special needs trusts, irrevocable tax trusts, irrevocable trusts, and revocable living trusts.

Guardianships

Guardianships are something that all parents with minor children should establish. Appointing a guardian means you are selecting someone you trust to raise your child, should anything happen to you and your spouse that renders you unable to do so yourselves. Without appointing guardians, the courts will appoint someone to raise your child on their own, and while they will try to appoint the best guardian possible, no one knows who that person is as well as you do.

Powers of Attorney

Powers of attorney are great ways to prepare for incapacitation. You can create either financial or healthcare powers of attorney. Essentially, if you become incapacitated, you can appoint someone to manage your finances in accordance with your wishes in a financial power of attorney. In a healthcare power of attorney, you can appoint someone to make critical medical decisions on your behalf, should you become unable to do so on your own.

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.

Learn More

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.

Read Our Recent Blog Posts