An Overlooked Limitation Of A Durable Power Of Attorney 

Having a durable power of attorney is a critical component of incapacity planning. Virtually every adult should have one on file because anyone at any age can suffer a life-altering accident that leaves them incapacitated. If this does happen and you don’t have a durable power of attorney in place, you will force your family and loved ones to enter into a legal process for guardianship—which can be expensive and Read More

Developing A Complete Estate Planning Package

One of the most common questions that estate planning attorneys receive from their clients is whether they need a will or a trust. Although the client's needs dictate how their estate plan is created and pieced together, people must take a different view of the “wills vs. trust” question. It equates to asking a financial advisor if you need a savings or retirement account. You need both because they are two separate Read More

The Difference Between A Living Will & A DNR

Anyone unfamiliar with advance healthcare directives and DNRs (do not resuscitate orders) can confuse the two easily. Although both allow you to express your wishes when you cannot speak for yourself, they are inherently different. By understanding what they are, who issues them, and what they can do for you, you will be in a better position to face the uncertainties of the future.  What is an Advance Read More

Prevent Conflict During Probate Before It Happens

In addition to probate can be time-consuming and expensive, it centers around the passing of a loved one. Disputes during probate usually arise between family members. The reason you create an estate plan is to protect the people you love the most. With proper preparation, you and your attorney can significantly reduce the likelihood of disagreements and challenges.  People want to leave behind cherished memories. No Read More

Understanding The Role Of A Trustee

There are two fundamental reasons why someone would need to know the role of a trustee.  You may become one You may have to choose one. Everyone needs an estate plan. A trust is a powerful tool to use when creating your estate plan. It is meant for people with assets and property—not just the wealthy. By understanding what a trust is and how it can serve your needs, you will see how the trustee fits into Read More

Is Your Ex-Spouse Still Your Power of Attorney?

Here are 2 things you should stop doing immediately: thinking that your estate plan doesn’t need to be updated and is only one document.  With the right attorney, you will build and craft an estate plan made up of multiple documents—each one uniquely protects you. As your life changes, your plan will need to be adapted accordingly so that it continues to be effective.  A divorce is a significant event in your life. Read More

Estate Planning Considerations For Your Digital Assets

This is the part of estate planning that you haven’t planned for. When you think of your assets, you think mostly of physical possessions, real property, and money. But have you considered your digital assets? Some examples of these kinds of assets are as follows: Any rewards or earnings you have accumulated online (i.e., air miles) Cryptocurrency  Online banking accounts (i.e., PayPal) Gaming avatars of Read More

3 Things Your Will Cannot Do

When you talk about estate planning, wills and trusts get brought up. Others might insist you get a will written because of certain reasons. And there are many reasons why you should get a will.  A will allows you to decide who will get your property (and who will not). You can also determine the amount of money your surviving spouse will receive. With an attorney’s help, you could save on death taxes by leaving your Read More

A General Guide to a Blind Trust

Before we discuss what a blind trust is and how to establish one, it is important to note that each state may differ in how they define what one is. Furthermore, that definition may change. After you gain an understanding of what a blind trust is and choose to establish one, you should contact an attorney to ensure that it is properly applied to your specific situation and location. What is a Blind Trust? A blind Read More

Joint vs. Separate Wills: Which Is Right for You?

Most married couples make joint financial decisions, so on the surface, it makes sense that they share a will. But is it actually a good idea? Or should each spouse have their own will? In this blog, the estate planning team at ElDeiry & ElDeiry, PA reviews the pros and cons of joint vs. separate wills. Joint Wills A joint will is a legal document stating that if one spouse dies, the other one receives the entire Read More