Trusts provide a means for transferring your assets directly to an heir or loved one. The benefit of creating a trust is that any assets passed this way are kept out of the probate process. Depending on the type of trust, it may also protect the assets from estate taxes.
Health Care Directives/Powers of Attorney
Estate plans are not just instructions on distributing your assets after you pass away. They can also be used to protect you if you happened to be seriously injured.
A health care directive reflects your preferences regarding end-of-life medical care, while a medical power of attorney designates someone to make health care decisions on your behalf.
A durable power of attorney takes a similar approach on the financial end, assigning a trusted individual to make financial decisions for you if you become incapacitated and lack the mental capacity to do so yourself.
Answering Your Probate Questions
If you have concerns about Pennsylvania’s probate process, we have the experience to address them. Certain assets, such as bank accounts with a payable-on-death provision, transfer directly to the named individual without going through probate. Assets in a trust also avoid probate. If you fear overlooking certain assets, a lawyer can help you understand how to properly protect your finances and belongings.
We also help families complete the probate process when a loved one passes away. The process is often confusing and you do not want legal issues on your plate while grieving.
Act Now and Contact Our Law Firm
We have the experience to devise an estate plan that reflects who and what is important to you. We also can answer any questions about estate administration or the probate process. From client education to protecting your estate in litigation or a will contest, we earn the trust of our clients.
Schedule a free consultation today. You may complete our online contact form or call us. Our office is located in Pittsburgh.