Estate Planning In Haverford, Pennsylvania

Find the right Estate Planning attorney in Haverford, PA

Estate planning is a very broad term in Haverford, Pennsylvania, referring to a person's decisions on issues that affect them and their family toward the end of their life. These might include instructions for end-of-life care, as well as drafting a will or other document with the intent of disposing of one's property after their death.

The drafting of a will, which simply states what you wish to be done with your property after death, is usually one of the most crucial parts of an estate plan. Of course, it's rarely the only one. There are many other things you might want to include, depending on your objectives.

In addition to a well-drafted will, a comprehensive estate plan should include things like a living will (healthcare directives made in advance, in case you become incapacitated and unable to make or express such decisions), funeral instructions, and instructions relating to organ donations.

Crucially, your plan should make arrangements for the care and custody of your children, if they are minors. However you should first discuss this matter with the person who you intend to take custody of your children in case something happens to you, to make sure they are willing and able to do so.

What Type of Estate Plan Do I Need in Haverford, Pennsylvania?

The answer to this question depends on your individual needs, your priorities, your health, and the size and nature of your estate.

If you are in good health, young, and not married, planning an estate is probably not a high priority. And at this point in your life, it doesn't really have to be, with a few possible exceptions, such as individuals who work in very dangerous jobs, or who are very wealthy.

There is one group of unmarried people for whom estate planning in Haverford, Pennsylvania is absolutely crucial: adults who are not married, but have a life partner who they'd like to provide for in the event of death. There are many rights that automatically attach with marriage, such as the right to inherit if a spouse dies without a will, the right to make medical decisions for the other spouse if they become incapacitated, etc. If you and your partner are, for whatever reason, unable or unwilling to get married, you will have to take several steps to secure these rights, such as granting power of attorney, and writing them into your will.

Individuals who are elderly and/or have a large amount of money in Haverford, Pennsylvania are probably more in need of an estate plan than almost anyone else. Most people place a lot of value in the peace of mind that comes when they know that the people they love, or the causes they care about, will be taken care of after their death. Of course, nobody likes to confront the facts that this process always involves, but it's essential.

Do I Need a Haverford, Pennsylvania Estate Planning Attorney?

In Haverford, Pennsylvania, estate planning is rarely simple, even if it's not the most complicated thing in the world. Given the importance of what's at stake (the financial security of your loved ones), a good estate plan is essential, as is the help of an attorney who specializes in wills, trusts, and estates law.

Talk to a Wills, Trusts & Estates Law Attorney now!

Life in Haverford

Haverford is an unincorporated area located in Delaware County, Pennsylvania. It is situated partially in Haverford Township and also in Lower Merion Township. The town derives its name from the town of Haverfordwest in the country of Wales. Its name has also been translated to mean "goat crossing", which is a Welsh term.

Haverford is noted for being the site of excellent educational facilities, namely Haverford College. Also, the city is famous for being home to the Merion Cricket Club, which is one of the oldest country clubs in the entire U.S.

Residents enjoy ample opportunities for recreation and entertainment in the town of Haverford. Also, those wishing to visit nearby cities can do so with relative ease, as the Paoli/Northwest commuter rail system connects Haverford directly to Philadelphia. Famous residents of Haverford have included author Catherine Drinker Bowen and John C. (Jack) Bogle, a popular financial guru.

Lawyers in Haverford serve the community through outstanding legal service and representation. Haverford, Pennsylvania lawyers are an essential part of the social and professional integrity that marks the community.

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