estate Planning FAQs

Estate Planning FAQ’s

Jennifer Walker Estate Planning, Medical Directives, Power of Attorney, Trusts, West Chester PA Estate Planning

Many people have some VERY wrong ideas about estate planning. And that’s understandable if you get your information from sources that, while well intentioned, may be simply repeating hearsay. These sources can usually include friends, neighbors, relatives, television, articles and, yes, even the internet. (I read it on the internet so it must be true, right?) Here are some of …

What’s a Durable Power of Attorney?

Jennifer Walker Estate Law, Estate Planning, Power of Attorney, West Chester PA Estate Planning

A durable power of attorney (POA) enables you to appoint an “agent,” such as a trusted relative or friend, to handle specific health, legal and financial responsibilities. There are two types of power of attorney: POA for healthcare: Gives a designated person the authority to make health care decisions on behalf of the person. POA for finances (and other matters): …

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Help Wanted: Daughter to Inherit Fortune

Jennifer Walker Estate Law, Estate Planning, Medical Directives, Power of Attorney, Trusts, West Chester PA Estate Planning

It is ordinarily assumed that wealthy people will leave the majority of their assets to their children. However, if a wealthy person does not have any children, then something else needs to be done with the assets. Most people in that situation have some idea of what they want to do. They have someone else in mind to inherit the …