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Giving money to charity can provide personal and financial benefits to donors and be a part of the legacy they leave behind. If you are thinking about making a charitable gift—either now or when you pass away—there are some things to be aware of so you can make the most of your donation.

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.

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.

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.

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!

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. 

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.

Wishing you and your loved ones a Happy Valentine's Day!.  May your heart be filled with happiness and your home with cherished moments. 

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.

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. 

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.

An estate plan is a living set of documents that should be regularly reviewed and updated. Even if you are vigilant about changing your estate plan over time, there may be aspects that you have missed, such as beneficiary designations for retirement accounts or life insurance policies.

The Law Firm of L. Theodore Hoppe, Jr., Esquire, would like to wish you and your family a very Merry Christmas! .

Estate plans need to be regularly updated to reflect changes in your life and the law so they can do what you want them to do. Outdated estate plans, like outdated resumes, simply do not work.

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.

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.

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.

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.

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 ...

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...

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.