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What Is Next for Your Estate Plan?

Posted by Ted Hoppe | Jun 14, 2024 | 0 Comments

When creating an estate plan, we look at what is going on in your life at that time. But because life is full of changes, it is important to make sure your plan can change to accommodate whatever life throws your way.

What to Do When a Disability Throws Your Estate Plan into Chaos

Posted by Ted Hoppe | Apr 05, 2024 | 0 Comments

As poet Robert Burns mused centuries ago, the best-laid plans of mice and men often go awry. Despite thoughtful effort and a concerted strategy, you cannot prepare for every emergency in life. A car accident, sudden illness, workplace injury, or chronic medical condition can force you to reevaluate the core assumptions you used to plan your future and set up your legacy.

Estate Administration Details that TV and Movies Get Wrong

Posted by Ted Hoppe | Apr 05, 2024 | 0 Comments

While television and movies provide great entertainment, they are not always factual. Even shows based on real events are not entirely accurate. Creators of television programs and movies will often alter details of a story or situation to provide an enjoyable experience. Because of these widespread embellishments, people often develop misconceptions about many industries and professions, including attorneys and estate planning.

Demystifying Probate and the Executor’s Role

Posted by Ted Hoppe | Apr 02, 2024 | 0 Comments

One of your most important considerations when creating your Estate Plan is who to choose to serve as the executor (also called a personal representative) of your estate. This is the person with will execute the instructions that you provide in your will.

Happy Easter!

Posted by Ted Hoppe | Mar 29, 2024 | 0 Comments

What a beautiful hope we get to celebrate this Easter season, especially in these times were many people are struggling and feel a sense of  hopelessness. Christ died for our sins and rose again from the grave, conquering death and giving us the hope and assurance of eternal salvation for all who believe in Him!

How Child Support is Calculated in Pennsylvania

Posted by Ted Hoppe | Mar 04, 2024 | 0 Comments

Child support is a financial obligation that a noncustodial parent pays to the custodial parent to cover a portion of child-rearing costs. The amount of child support is determined by specific guidelines set forth by the Pennsylvania state legislature. 

What Happens to Real Estate With a Mortgage When I Die?

Posted by Ted Hoppe | Mar 01, 2024 | 0 Comments

If you leave your home that has an outstanding loan to a beneficiary in your will or trust, your beneficiary will inherit not only the property but also the outstanding debt. They may have the right to take over the mortgage and keep the home, or they may choose to sell it and keep the proceeds. Ultimately, planning for the transfer of real estate upon your death can make the process much easier for your loved ones.

What Is a Residuary Clause and Why Is It Important?

Posted by Ted Hoppe | Feb 23, 2024 | 0 Comments

When developing your estate plan, addressing every account or property you own is nearly impossible. There are sure to be some things you unintentionally overlook. However, by including a residuary clause, you can intentionally disburse any remaining items inadvertently left over during the estate or trust administration process to a named beneficiary or group of beneficiaries.

Four Things Your Spouse Should Know Before You Die

Posted by Ted Hoppe | Feb 02, 2024 | 0 Comments

It is normal for married couples to share almost every aspect of their lives with each other. But when it comes to death, even the closest couples might become tight-lipped about certain topics. As uncomfortable as it might be to discuss subjects like burial arrangements and remarriage, they should be broached as part of creating a comprehensive estate plan. Seemingly mundane details, such as the location of important documents and contact information, should also be addressed.

Celebrating International LEGO Day

Posted by Ted Hoppe | Jan 26, 2024 | 0 Comments

January 28 is International LEGO day. Since the 1940s, people have been creating their own worlds, brick by brick, with LEGOs. With an estate plan, you can help your loved ones build a great future. Make your estate plan as specific as you want by providing step-by-step instructions for how you want them to honor your legacy. Or give them the resources to bring their vision to life, no strings attached. An estate plan—like LEGOs—makes a great gift that can be enjoyed by generations to come. 

Testamentary Trusts: The Best of Both Worlds

Posted by Ted Hoppe | Jan 20, 2024 | 0 Comments

A testamentary trust provides an alternative to a direct bequest under a Will. You may choose to direct in your Will that all accounts and property owned by you in your sole name without beneficiary designations be transferred to a trust upon your death. Unlike a revocable living trust, the testamentary trust is created at your death, and ownership of your accounts and property are transferred to the trust through the probate process.

We All Need a Yearly Checkup: Your Estate Plan Does Too

Posted by Ted Hoppe | Dec 15, 2023 | 0 Comments

it is important for your estate plan to get a regular check up to address changes in your life circumstances or in the law to ensure that optimal plans are in place to provide for you and your family's future needs before any problems arise. Like an undetected medical condition, an out-of-date estate plan can have devastating, unintended consequences.

3 Examples of When an Irrevocable Trust Can—and Should—Be Modified

Posted by Ted Hoppe | Dec 13, 2023 | 0 Comments

Despite its name, irrevocable trusts can, and sometimes should, be modified? Changes in laws, family, trustees, and finances can frustrate the trustmaker’s original intent when the trust was created. Or, sometimes, an error in the trust document is identified. When this happens, it is wise to consider changing the trust, even if that trust is irrevocable.

Should You Share Your Estate Planning Details With Loved Ones?

Posted by Ted Hoppe | Dec 09, 2023 | 0 Comments

When you decide to create a comprehensive estate plan, consider whether to tell your loved ones about your plan. Estate planning can be a complex and sensitive matter, so your choice may depend on your unique relationships with loved ones and your family dynamics. Sharing your estate plan with your loved ones can compromise the privacy of your financial and personal information. Some people prefer to keep these matters private, especially when it comes to distributions of significant amounts of money or property. There are advantages and disadvantages to revealing private information about your estate plan. You can choose to communicate details relevant to specific individuals or offer a broader explanation to everyone involved.

Child Custody FAQs

Posted by Ted Hoppe | Dec 03, 2023 | 0 Comments

Parents often contact me with questions about child custody and how the process works in Pennsylvania. We understand why there are so many questions, too, because there's a lot of misinformation about child custody. We are here to dispel the misinformation, clarify misunderstandings, and provide the right information so you can make smart, informed decisions about your child and your unique situation.

George Washington Thanksgiving Day Proclamation

Posted by Ted Hoppe | Nov 23, 2023 | 0 Comments

On October 3, 1789, President George Washington issued a proclamation designating Thursday, November 26 as a national day of thanks. In his proclamation, Washington declared that the necessity for such a day sprung from the Almighty's care of Americans prior to the Revolution, assistance to them ...

Why You Want to Avoid Intestacy

Posted by Ted Hoppe | Nov 11, 2023 | 0 Comments

About two out of three Americans will die without a will. This is known as dying intestate. While the reasons for not having a will vary, the end result is the same for everyone: they do not get to choose who receives their property when they die. Instead, their money and property are distribute...

How Far in Advance Can I Begin My Estate Planning?

Posted by Ted Hoppe | Oct 27, 2023 | 0 Comments

You can create your estate plan at any time, but many people choose to begin the process sooner rather than later. Why? Because you never know when life-changing medical or financial emergencies can strike that will require someone else to manage your affairs during your lifetime.

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