Most people carefully plan for the distribution of physical property like real estate, vehicles and personal belongings through traditional estate planning documents. However, many overlook the growing collection of digital assets that have become integral parts of...
Wills and Estate
Choosing between a revocable and irrevocable trust
On Behalf of Bellwoar Kelly, LLP | May 16, 2025 | Wills and Estate
Through estate planning, you are empowered to secure your financial future and control how your assets are distributed after your passing. While a will is the cornerstone of a sound plan, trusts can add further strength. Once you decide to include one or more trusts,...
3 requirements for a valid Pennsylvania will
On Behalf of Bellwoar Kelly, LLP | May 15, 2025 | Wills and Estate
Wills are important documents. Many people never bother to draft a will, leaving their loved ones at the mercy of state statutes. Some people attempt to establish wills but cut corners. They download documents from the internet and try to manage the process on their...
Are electronic wills valid in Pennsylvania?
On Behalf of Bellwoar Kelly, LLP | Mar 8, 2025 | Wills and Estate
Individuals thinking about estate planning have access to digital information about wills and other estate planning instruments. In some cases, they can even access digital templates for key documents. For people who are dealing with medical challenges or who are too...
Are beneficiary-controlled trusts right for you?
On Behalf of Bellwoar Kelly, LLP | Jan 2, 2025 | Wills and Estate
Have you ever considered setting up a trust for your loved ones but worried about losing control? A beneficiary-controlled trust might be the solution for you. This unique type of trust offers flexibility and protection while potentially providing significant benefits...
Updating your estate plan could protect your interests
On Behalf of Bellwoar Kelly, LLP | Nov 13, 2024 | Wills and Estate
Many people believe the estate planning process is a one-time endeavor. However, estate planning is a life-long process. Testators have the opportunity to update their estate plan whenever they wish. By updating your last wishes, you can protect your interests. Here...
Why consider setting up a special needs trust for your child?
On Behalf of Bellwoar Kelly, LLP | Sep 16, 2024 | Wills and Estate
If you are a parent to a loved one with special needs, you may be wondering how to make sure that their affairs are well taken care of after you are no longer able to provide for them. Creating a special needs trust (SNT) can be a crucial step in providing for their...
Can an estate plan protect your elderly parents from scammers?
On Behalf of Bellwoar Kelly, LLP | Jul 31, 2024 | Wills and Estate
It’s becoming a common theme on the evening news: an older adult lost their life’s savings at the hands of a scammer. Not only does it make you angry, but it also causes you to start worrying about your own elderly parents. No adult child wants to take away their...
What are the main differences between a will and a trust?
On Behalf of Bellwoar Kelly, LLP | Feb 5, 2024 | Wills and Estate
Someone drafting an estate plan typically wants to provide instructions about what should happen after they die. They create testamentary documents describing their wishes for a memorial service, naming someone who could act as a guardian for their minor children and...
Estate planning to protect your kids if your spouse remarries
On Behalf of Bellwoar Kelly, LLP | Jan 18, 2024 | Wills and Estate
Creating an estate plan forces you to face the inevitable yet unsettling thought of what may happen in the far future. What happens to your children if you pass away? Will your spouse continue to care for them after remarriage? You want to support your spouse but also...
3 reasons to add power of attorney to Pennsylvania estate plan
On Behalf of Bellwoar Kelly, LLP | Sep 20, 2023 | Wills and Estate
Powers of attorney are some of the most useful documents that people can include in an estate plan. However, there are millions of adults who might benefit from powers of attorney who never get around to drafting them. People often fall into the trap of assuming that...
Tips for disinheriting someone effectively
On Behalf of Bellwoar Kelly, LLP | Jul 20, 2023 | Wills and Estate
You’re not obligated to leave your assets and possessions to anyone. Your family members may expect to be included in your estate plan, but you can cut them out of that plan if you want. This is known as disinheritance, and it is entirely up to you. That being said,...
Should you tell your children everything that’s in your estate plan before you pass away?
On Behalf of Bellwoar Kelly, LLP | Jun 5, 2023 | Wills and Estate
When it comes to estate planning, one important question that often arises is whether you should disclose all the details of your estate plan to your children before you pass away. This is a deeply personal decision, as it involves considerations of family dynamics,...
Can you be too young to make an estate plan?
On Behalf of Bellwoar Kelly, LLP | May 17, 2023 | Wills and Estate
The average adult doesn’t have an estate plan. Even people who know that they want to have an estate plan and who see the value in creating one may still put off making that effort. As a result, most Americans have not done so, statistically speaking. One of the...
Should you consider your digital assets in an estate plan?
On Behalf of Bellwoar Kelly, LLP | Nov 18, 2022 | Wills and Estate
Digital assets were probably not included in your parents' estate plans. If you last reviewed your plan more than ten years ago, they might not be mentioned there either. But they should be. Your digital assets include everything of yours that lives online, on your...