John C. Lackatos, P.C.
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estate planning and probate Archives

Estate planning is important even if one doesn't have kids

People who do not have children or close family members often think that there is no need to engage in estate planning-their assets will go to their spouse and they do not have to prepare any other documents. However, estate planning encompasses more than just a will and testament-there are other events that should be covered in one's plans, situations that anyone can find themselves in.

Resolve to review your estate plan this year

Creating a will and an estate plan is just the first step in ensuring one's assets are distributed according to their wishes after their demise. To make sure that it takes into account changes in laws and life situations, it should be revisited every couple of years. As relationship and health changes, so do our wishes as to how our heirs inherit and what, but Pennsylvania residents often forget to update their estate plans accordingly. As the new year inches forward, one of the resolutions individuals should make is to review their estate plans and their life plans.

Pennsylvanians should review their estate plan after divorce

When a Pennsylvania resident is going through a divorce, it can sometimes be hard to think pragmatically. Divorce is a very emotional time, and often, a person's thoughts are wrapped up in divorce legal issues such as child custody and property division. However, if one is going through a divorce, they will also want to think about their estate planning needs as well.

A divorce may require a second look at one's estate plan

When a married couple in Franklin creates their estate plan, they do so thinking they will live out the rest of their lives in wedded bliss. However, for any number of reasons, a married couple may end up divorcing. During the divorce process, their thoughts will be consumed with divorce legal issues. But, a divorce is a good time to also think of estate planning, and how key documents may need to be changed.

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