As you begin to think about your estate planning, you realize that you’re in a position financially where you can afford to give your adult children (or other family members) some of their inheritance now -- rather than wait until you’re no longer around. A 2019...
2 key tips for effective estate planning
On Behalf of Bellwoar Kelly, LLP | Sep 30, 2021 | Wills and Estate
Your estate plan provides valuable information about how you want your assets distributed after your death. It also includes instructions about what you want to happen if you’re incapacitated and unable to make decisions on your own. As you’re creating the terms of...
Do you need a living will?
On Behalf of Bellwoar Kelly, LLP | Aug 6, 2021 | Wills and Estate
As you get older, you may start to look into estate planning and all the documents that you’d like to include in your estate plan. Among those documents will be a will called your living will. A living will is not intended to be used after you pass away, which is...
3 ways to protect your children when estate planning
On Behalf of Bellwoar Kelly, LLP | Jun 23, 2021 | Wills and Estate
Becoming a parent completely changes your priorities in life. Making sure that your children have everything they need will quickly become the most important thing to you. Even if you had no desire to make a last will before the birth of your children, providing...
Estate planning for loved ones with bad spending habits
On Behalf of Bellwoar Kelly, LLP | May 8, 2021 | Wills and Estate
When you have a lifetime of resources at your disposal, you may want to do something supportive and loving for the people closest to you. Unfortunately, not everyone handles receiving an inheritance well. Some people with a predisposition toward destructive or...
Why having an estate plan matters
On Behalf of Bellwoar Kelly, LLP | Apr 16, 2021 | Wills and Estate
If you own property in Pennsylvania, it is a good idea to have an estate plan. The same is true if you have children who may need a guardian in the event that you are no longer able to take care of them. Having a plan in place may make it easier to ensure that those...
Planning for the next generation
On Behalf of Bellwoar Kelly, LLP | Mar 23, 2021 | Wills and Estate
Most Pennsylvania parents want nothing more than for their children to have the best possible start in life. Part of that can mean giving them the resources to really take on the world. One great way to do this is by setting up a trust fund for them. However, there...
What is estate planning and will writing?
On Behalf of Bellwoar Kelly, LLP | Mar 12, 2021 | Wills and Estate
Estate planning could involve many various elements, but the most well-known might entail writing a will. Pennsylvania residents may wonder how to go about writing a will or might even be unsure of the value. Working with an attorney could provide insights into why a...
When can you contest a will?
On Behalf of Bellwoar Kelly, LLP | Mar 11, 2021 | Wills and Estate
When Pennsylvania residents die, very few people can contest their will. You might be able to do so if you meet certain qualifications. However, a will contest is a long and complex process that might not benefit you in the end. Who is allowed to contest a will? After...
When should you review your estate plan?
On Behalf of Bellwoar Kelly, LLP | Feb 8, 2021 | Wills and Estate
Contrary to popular belief, an estate plan isn't something you should craft, sign and place in a drawer until you pass on. The fact is that estate plans are an important piece of everyday life, and although you may not have to look at your will every week, it still...
How to start the estate planning process
On Behalf of Bellwoar Kelly, LLP | Jan 18, 2021 | Wills and Estate
The process of creating an estate plan can seem overwhelming, but if you take it one step at a time, you can complete the necessary documents. You should keep in mind that Pennsylvania has an inheritance tax. Working with an attorney can help you make the necessary...
Wills and Estate Administration
On Behalf of Bellwoar Kelly, LLP | Sep 4, 2020 | Wills and Estate
Have you been saying to yourself “I need a will”? You are not alone...at least once a month someone tells me they have been thinking about making sure their family is secure, and they need a will. Bellwoar Kelly LLP always recommends our clients have three things to...