Many “will kits” do not provide the protection and customization needed to help your family deal with your death or a disability. In addition, many “will kits” do not conform to specific Pennsylvania laws and regulations regarding estate planning and probate. Estate planning involves more than just signing a Will and getting life insurance. A basic estate plan should not only distribute assets upon death to family members, but also allow family members to access these assets in the event you are incapacitated. In addition, a basic estate plan should also minimize taxes on your assets. An estate planning attorney will help you to analyze your lifestyle and financial situation to determine which forms are needed for you. It is important to know the type of will and/or trust that is required for your specific situation. Estate documents with conflicting provisions will lead to confusion and, as a result, will not be followed by the legal system, banks, hospitals, government agencies, etc. At a minimum, most estate plans may include:
Financial Power of Attorney
Healthcare Powers of Attorney
Talk with an estate planning attorney today to determine which plan is right for you and your loved ones.