fbpx

Key considerations for your estate plan in Pennsylvania

You want to make sure that you are providing for your loved ones, even after you are gone. A sound estate plan may help to create that security.

It is important to know the various aspects of an estate plan and the benefits of each so that you may compose the best plan for your situation. There are a few key considerations for an estate plan in Pennsylvania.

Will

Most people are aware of and familiar with the concept of creating a will. A last will and testament is a document that you can use to denote how to divide property and assets amongst your beneficiaries. However, that is not the only will that you should consider. A living will may also be beneficial. In the case that you suffer from certain debilitating conditions, such as permanent unconsciousness or an end-stage medical condition, a living will states your desire to receive life-sustaining treatment or not.

Beneficiary designations

Along with making designations within the will, it is important that you also name appropriate beneficiaries on other documents. There are certain accounts that require separate designations, such as:

  • Life insurance policies
  • IRAs
  • 401(k)s
  • Retirement plans

You should ensure that you properly note the set beneficiaries and keep them up to date across all documents.

Power of attorney

The designation of power of attorney is very important. This agent gains control of your estate in the case that you pass or become incapacitated. There are certain responsibilities that the chosen person must fulfill, which the Pennsylvania power of attorney laws denote. Outside of being able to fulfill the legal duties, the power of attorney should be someone that you trust to respect your wishes as detailed in the estate plan.

A proper plan takes intentional planning and attention to detail. If you are creating an estate plan or revising an old one, take the time to ensure that you address every relevant aspect of your wishes.

Disclaimer

The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for advice regarding your individual situation. We invite you to contact us and welcome your calls, letters and electronic mail. Contacting us does not create an attorney-client relationship. Please do not send any confidential information to us until such time as an attorney-client relationship has been established.

Privacy Policy

This privacy policy discloses the privacy practices for www.bononiandbononi.com. This privacy policy applies solely to information collected by this web site. It will notify you of the following:

  1. What personally identifiable information is collected from you through the web site, how it is used and with whom it may be shared.
  2. What choices are available to you regarding the use of your data.
  3. The security procedures in place to protect the misuse of your information.
  4. How you can correct any inaccuracies in the information.

Information Collection, Use, and Sharing 
We are the sole owners of the information collected on this site. We only have access to/collect information that you voluntarily give us via email or other direct contact from you. We will not sell or rent this information to anyone.

We will use your information to respond to you, regarding the reason you contacted us. We will not share your information with any third party outside of our organization, other than as necessary.

Unless you ask us not to, we may contact you via email in the future to tell you about specials, new products or services, or changes to this privacy policy.

Your Access to and Control Over Information 
You may opt out of any future contacts from us at any time. You can do the following at any time by contacting us via the email address or phone number given on our website:

  • See what data we have about you, if any.
  • Change/correct any data we have about you.
  • Have us delete any data we have about you.
  • Express any concern you have about our use of your data.

Security 
We take precautions to protect your information. When you submit sensitive information via the website, your information is protected both online and offline.

We also protect your information offline. Only employees who need the information to perform a specific job (for example, billing or customer service) are granted access to personally identifiable information. The computers/servers in which we store personally identifiable information are kept in a secure environment.

Updates

Our Privacy Policy may change from time to time and all updates will be posted on this page.

If you feel that we are not abiding by this privacy policy, you should contact us immediately via telephone at 412-832-2499