Helping Seniors & Families
Plan For Their Future
Feasterville, PA
215.396.1001
Doylestown, PA
215.345.5858

The Gifting Season is Here: What to Know Before You Give

estate planning bucks pa

We’re thinking a lot these days about gifting, and not just because the holiday shopping season is upon us.

Gift giving is an act of kindness, a way to demonstrate our love and affection for people, but it’s also an essential tool in the world of estate planning.

What do we mean? Well, you might want to give away assets while you’re still alive so that they aren’t included in your estate and open to taxation after your death.

We understand this impulse. It not only makes financial sense, but you’ll get to see your loved ones enjoy your gifts. However, it’s important to think about the tax implications that might apply before you act.

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27 Misconceptions That Can Cost You When Planning For Your Senior Years: Part 1

Senior Couple Using LaptopPlanning for your senior years is a complicated and emotionally tough task. It is often made all the tougher by the myriad misconceptions that exist about your options. There is a lot of misinformation about all aspects of senior planning, from nursing home decisions to appropriate legal documents and structure.

In this four part series, we will discuss 27 of the most costly misconceptions about planning for your senior years. We hope this discussion will help set you on the right track and make your planning decisions easier. Planning ahead is always the wisest course. This way you are fully prepared for whatever events come your way and can rest easily with the knowledge that whatever happens, you have a plan.

Continue Reading 27 Misconceptions That Can Cost You When Planning For Your Senior Years: Part 1

27 Misconceptions That Can Cost You When Planning For Your Senior Years: Part 2

SMiling Senior Couple HeadshotPlanning for your senior years is a complicated and emotionally tough task. It is often made all the tougher by the myriad misconceptions that exist about your options. There is a lot of misinformation about all aspects of senior planning, from nursing home decisions to appropriate legal documents and structure.

In this second article in a four part series, we will discuss the next 7 common costly misconceptions about planning for your senior years. We hope this discussion will help set you on the right track and make your planning decisions easier. You can find the first article in this series here. Continue Reading 27 Misconceptions That Can Cost You When Planning For Your Senior Years: Part 2

27 Misconceptions That Can Cost You When Planning For Your Senior Years: Part 3

Senior Couple EatingPlanning for your senior years is a complicated and emotionally tough task. It is often made all the tougher by the myriad misconceptions that exist about your options. There is a lot of misinformation about all aspects of senior planning, from nursing home decisions to appropriate legal documents and structure.

In this third article in a four part series, we will discuss the next 7 common costly misconceptions about planning for your senior years. We hope this discussion will help set you on the right track and make your planning decisions easier. Continue Reading 27 Misconceptions That Can Cost You When Planning For Your Senior Years: Part 3

Protecting Your Parents

Elder Law As we live through the latest winter storms to strike our area, we often think about how this is affecting our aging parents. Most of us call to ask if they are okay, check on them, bring them groceries and shovel their snow. As caring children and family members, we worry about their safety and well-being. After all, they raised us and gave us a significant part of their lives. In the same way, we should make certain that our parents’ social and financial matters are in order. Sometimes we begin to notice that they may need more help. Seniors may often begin to neglect proper management of their finances or tend to ignore any warning signs regarding their health or well-being. This often becomes a good time to start a conversation with your parents to discuss how they might benefit from assistance from family members. This is also the situation where an effective elder law attorney can be a valuable partner.

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5 Estate Planning Tips

Estate Planning tipsWithout an estate plan, attorneys, or the courts, may decide the fate of your assets.

Even if you have a modest estate, it’s important that you know the basics of estate planning, as well as get expert assistance in making plans. Young or old, wealthy or not so much, you can make life easier on your loved ones during a time of grief by being proactive. For this reason, we advise you to start the estate planning process as early as possible.

What can you do now to ensure that your assets go to the people you choose, not those the state chooses, or that your affairs will be taken care of as you wish if you become incapacitated?

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