Does Divorce Affect Social Security Spousal Benefits?
More than 50 million Americans receive Social Security retirement benefits. Most of these recipients are retirees who worked and paid Social Security taxes. But millions of dependents and survivors of retired workers, including spouses and
Blended Families and Wills in Estate Planning
Today, 16 percent of children in the United States live in “blended” families, according to U.S. Census data. Blended families are households that have a stepparent, stepsibling, or half-sibling. In Pennsylvania, stepchildren do not receive the same
How Life Insurance Is Involved in Estate Planning
At first glance, life insurance may not seem related to the distribution of money and property in your estate plan. However, it can be an integral and important part of a well-drafted estate plan. In
7 Things to Know About Living Wills
A “Living Will” is a legally-enforceable written statement that indicates your preferences regarding end-of-life treatment. It applies if you are unable to communicate those preferences. Living Wills are not just for the elderly. People of
The Tax Consequences of Selling a House After Death
Buying or selling a home can be one of the most important financial transactions in one’s life. Sale or other disposition of one’s home after death is often the most significant financial transaction in the
Guardianship: the Default Solution When Failing to Plan for Incapacity
Regrettably, many people fail to incorporate measures in their estate and retirement planning to deal with possible incapacity. For most, doing so can be as simple as having comprehensive financial and health care powers of