Asset Protection: The Top 8 Things You Need to Know About This Critical Part of Planning for the Future
You want to make sure that your assets are passed down to your heirs as you get older, and that is why you need to think about asset protection now. What do you need to know about estate planning, and how can you use it to protect your assets as you get older? 1. Wills […]
Aging Gracefully: 10 Ways an Elder Law Lawyer Helps You Prepare for Retirement and Beyond
As you get older, there are new issues that you will face for the first time. You might be wondering what to do next, and that is where an elder law lawyer can help you. What are a few of the ways that an elder law attorney can represent you and your interests? 1. Establish […]
Estate Planning Classes: What Are They and Why Are They an Important Part of Every Person’s Financial Education?
Do you think your estate is in order? In the past, people thought that estate planning was only something that was meant for the incredibly wealthy. In reality, estate planning is important for everyone. At Yorkway Law Group, we offer estate planning classes and seminars, and we believe they are important for everyone’s financial education. […]
Legal Basics: What Is a Power of Attorney?
As you get older, you need to make sure that your affairs are in order, and you may have heard that you need to get a power of attorney. Before deciding who you want to be your power of attorney, you need to understand what a power of attorney is and what they can do. […]
Have You Drafted a Will and Testament? Everything You Need to Know to Guarantee the Fulfillment of Your Final Wishes
Do you have a last will and testament in place? You have worked hard to generate wealth for your family, and now it is time for you to pass that will down to your heirs. Here are few of the most important things you need to know. You Must Meet the Requirements of the State […]
Will vs. Living Will: What Are the Primary Differences Between Them?
You have probably heard that it is important to have a will in place before you pass away. That way, you specify exactly what you want to be done with your assets and you make sure that the right people receive their designated inheritance. You have probably also heard that there are multiple types of […]
How to Fix a Required Minimum Distribution Mistake
How to Fix a Required Minimum Distribution Mistake Required minimum distributions are complicated. It’s easy to slip up and make a mistake when trying to understand the rules around required minimum distributions. Luckily, if you do make a mistake, there are steps you can take to remedy the issue and avoid a harsh penalty. What […]
A Modest Social Security Increase for 2021
Those receiving social security income, approximately 70 million Americans, will be seeing a slight increase in their monthly payments this year. With a 1.3% cost-of-living adjustment (cola), the Social Security Administration has shared that individual recipients will see their monthly benefits going up by about $240 a year.
Estate Planning Essentials for Unmarried Couples in Bucks County, PA
Estate Planning Essentials for Unmarried Couples in Bucks County, PA Estate planning helps ensure your financial and personal assets are distributed according to your wishes if you are incapacitated or after your passing. While it’s an important task for everyone, estate planning carries special significance for unmarried couples. In this article, we’ll explain why estate […]
What Is Estate Planning and Why Do I Need It?
What is Estate Planning? Estate planning is the process of getting your personal and financial affairs in order in the event you become mentally incapacitated or die. The basic documents of your estate plan will include a last will and testament, a power of attorney and a living will.