12Law Arrow 12Law Arrow  Easy Questions  
12Law Arrow 12Law Arrow Instant Legal Documents
 
 
FINANCIAL & MARITAL

Cohabitation Agreement coming soon!
Separation Agreement coming soon!
No-Fault Divorce coming soon!
Bankruptcy coming soon!
 
 

Overview of Estate Planning in Manchester, PA

Overview of Estate Planning in Manchester, PA


Death is not a tragedy to the one who dies; to have wasted the life before that death, that is the tragedy.
 
- Orson Scott Card


Estate planning is the process of getting your affairs in order so that if you pass away unexpectedly, things will be much easier for your loved ones.

Estate Planning doesn't have to be hard or expensive or intimidating. Just a few simple steps: Catalog what you own, make a will and create a few legal documents (with the help of 12Law.com) and review the beneficiaries on your retirement accounts. For most Americans, there's no need to worry about estate taxes or fancy trusts.

Do it for your family. You will feel so much better knowing that you've taken care of them.

• Write a will. State in this document the properties you want your beneficiaries to inherit. You can also indicate the guardian for your young children if something happens to you and your partner.

• Select a guardian for your children. Children who will inherit any money or property from you should be designated with an adult guardian to oversee their affairs.

• Update beneficiaries on retirement accounts. You can transfer to your beneficiaries your stocks, bonds and brokerage accounts if you were able to register them. If you have a bank account and retirement plans, naming a beneficiary to these documents can automatically make these accounts "payable on death". This can avoid the probate process.

• Sign up for life insurance. It would be a good investment to get a life insurance if you owe significant amount of estate tax or debts, have young children, and own a house.

• Determine of you will owe estate taxes. Estates taxes will be impose by the government upon your death if your taxable estate is more than the inclusive limits set by law.


• Determine if a Living Trust is right for you. Property placed in the living trust can be distributed to their designated beneficiaries without undergoing probate which can be expensive and time consuming.

• Define your health care directives . You also need to plan out for your medical care by doing a medical declaration or Living Will that can indicate the treatments you want or do not want and Power of Attorney for health care that can assign a trusted person who will make medical decisions for you if you are unable to make it yourself.

• Create a financial power of attorney . If you become incapacitated, handling your affairs can be a problem but not if you have a durable power of attorney for finances. A trusted person you have chosen yourself will be handling your finances and property if that time comes. This trusted person is called an agent or attorney-in-fact.


• Provide for funeral expenses. Payable-on-death bank account can be more reliable and easier to set-up as compared a funeral prepayment plan. This will cover your funeral and other related expenses.

• Make the final arrangements. This document will indicate your wishes for organ and body donations and also the disposition of your body through burial or cremation.

• Define the Succession Plan for your business. Make plans if you own a business by having a successor. If you have a partner in business, have a buyout agreement.

• File all estate planning documents. The person you choose in your will to administer your properties should be given access to your important documents like:

1. will

2. trusts

3. information on bank accounts, mutual funds, and safe deposit boxes

4. information on retirement plans, 401(k) accounts, or IRAs

5. insurance policies

6. real estate deeds

7. certificates for stocks, bonds, annuities

8. Information on debts: credit cards, mortgages and loans, utilities, and unpaid taxes

9. Information on funeral prepayment plans, and any final arrangements instructions you have made.

 
Personalize & Print a Free PA Last Will Create This Document
Page 1
Page 2
Page 3
Page 4
Page 5
Page 6
Page 7
Page 8
Page 9
Page 10
 
Personalize & Print a Free PA Living Trust Create This Document
Page 1
Page 2
Page 3
Page 4
Page 5
Page 6
Page 7
Page 8
Page 9
Page 10
Page 11
Page 12
Page 13
Page 14
Page 15
Page 16
Related Legal Services near Manchester, PA
Henry Michael
2336 S Broad St
Philadelphia, PA 19145
(215) 218-9800
Attorneys, General Practice Attorneys
O'Connor Jr Robert D
334 E Water St
Lock Haven, PA 17745
(570) 748-9666
Attorneys,  General Practice Attorneys,  Legal Service Plans,  Bankruptcy Law Attorneys
Lingle Frederick
310 E Water St
Lock Haven, PA 17745
(570) 748-9595
Attorneys, General Practice Attorneys
Boileau John P Attorney
146 E Water St
Lock Haven, PA 17745
(866) 520-9486
Attorneys, Legal Service Plans, Criminal Law Attorneys
Bellafatto Law Office
4480 William Penn Hwy
Easton, PA 18045
(610) 923-9200
Insurance Attorneys,  Attorneys,  Malpractice Law Attorneys,  Accident & Property Damage Attorneys,
Goudsouzian Steven N
2925 William Penn Hwy Ste 301
Easton, PA 18045
(610) 253-9171
Estate Planning Attorneys,  Attorneys,  Accident & Property Damage Attorneys,  Legal Service Plans,
Basso & Chambers
2332 S Broad St # 34
Philadelphia, PA 19145
(800) 763-9101
Bankruptcy Law Attorneys,  Attorneys,  General Practice Attorneys,  Legal Service Plans
Givler & Evers
9 W Church St
Lock Haven, PA 17745
(570) 748-9080
Attorneys, Labor & Employment Law Attorneys, Business Law Attorneys, General Practice Attorneys, Leg
Cacciamani Paul
601 Stones Crossing Rd
Easton, PA 18045
(610) 438-8755
Kline Karl H ESQ
2925 William Penn Hwy
Easton, PA 18045
(610) 559-8668
Attorneys,  Estate Planning Attorneys,  Estate Planning, Probate, & Living Trusts,  Elder Law Atto
Kline Karl H
2925 William Penn Hwy Ste 301
Easton, PA 18045
(610) 559-8668
Attorneys, Estate Planning, Probate, & Living Trusts, Elder Law Attorneys, Wills, Trusts & Estate Pl
Palazzo Richard J
44 S Main St
Manheim, PA 17545
(717) 656-8588
Attorneys,  Accident & Property Damage Attorneys,  Corporation & Partnership Law Attorneys,  General
Ortwein Dennis P
5201 William Penn Hwy Ste 2
Easton, PA 18045
(610) 559-8300
Consumer Law Attorneys, Product Liability Law Attorneys, Attorneys
Payne Peter J
105 Penn Plz
Turtle Creek, PA 15145
(412) 823-8100
Attorneys, Legal Service Plans
Cambria Louis
1618 S Broad St
Philadelphia, PA 19145
(215) 463-8077
Attorneys, Legal Service Plans
Divorce Ctr
1801 S 15th St Fl 2
Philadelphia, PA 19145
(215) 468-7773
Family Law Attorneys, Attorneys, Divorce Assistance
Young & Young
44 S Main St
Manheim, PA 17545
(877) 832-7504
Probate Law Attorneys,  Attorneys,  Wills, Trusts & Estate Planning Attorneys,  Family Law Attorney
Aaroe Law Offices
2568 Nazareth Rd
Easton, PA 18045
(610) 559-7401
Attorneys,  Criminal Law Attorneys,  Accident & Property Damage Attorneys,  Personal Injury Law Atto
Scott E Albert
50 N Main St
Manheim, PA 17545
(717) 653-7374
General Practice Attorneys, Attorneys, Legal Service Plans
Smith Law Offices
226 E Water St
Lock Haven, PA 17745
(570) 748-7358
General Practice Attorneys, Attorneys
Halprin Law
1806 S Broad St
Philadelphia, PA 19145
(215) 389-6913
Attorneys,  Personal Injury Law Attorneys,  Medical Malpractice Attorneys,  Bankruptcy Law Attorneys
Pearson Ruth
3001 S Sydenham St
Philadelphia, PA 19145
(215) 271-6091
General Practice Attorneys, Attorneys, Legal Service Plans
William J Kelly ESQ
1609 Snyder Ave
Philadelphia, PA 19145
(215) 463-5800
Attorneys, Legal Service Plans
Dougherty James B
1625 W Oregon Ave
Philadelphia, PA 19145
(215) 339-5700
General Practice Attorneys, Attorneys, Legal Service Plans
12Law.com   |  NASHVILLE, TN USA   |  CONTACT US