When Your Family Lets You Down

One thing, among many, my practice has taught me is all that you have control over is yourself. You really do not control, try as we might, your spouse, your children, your other family members or your friends. You only get frustrated and stressed out the more that you try.

On a daily basis, I talk with my clients about those they want to pick to serve in roles like agent, executor or even guardian. I encourage them to take those that they intend to select as they are NOW. Do not think that they might change over time to become what you want. For example, if they are not at a place NOW where you would want them to be to serve as guardian of your children, then do not select them. We can not predict the future, good or bad. All of the selections made during the estate planning process are addressed as of today. We can always make changes in the future as circumstances change. Your plan is not a static document, it evolves.

Let us help you plan correctly. Contact us at http://www.ythlaw.com/ for all your probate and estate planning needs.

Signature By Mark

I have had situations where a client may be of sound mind and body but has a physical handicap that affects his or her ability to sign documents. A signature by Mark is permissible. The Mark has to be witnessed by 2 individuals and notarized. This allows the person to continue to take care of their own business as long as they are mentally able. They do not have to give that authority to another if they want to continue to manage their own affairs.

What else do you want to know about your affairs? Contact us at http://www.ythlaw.com/ for expert estate planning and probate.

The Hammersteins' Legacy

What's Your Legacy? I attended a booksigning this weekend. Oscar Hammerstein II's grandson has written a book, THE HAMMERSTEINS, about his family's awesome musical legacy. The book draws heavily upon the family archives, presenting a rich collection of photographs, theatre blueprints, programs and patents. The grandson, Oscar Andrew Hammerstein, has become the family historian, by studying and preserving his family's heritage and their contribution to Ameican culture.

Estate planning helps create and preserve your legacy which could be lost without having a plan. Who will maintain the memorabilia on your family's work? How will it be passed on for the prosperity of your family and maybe of the larger society as in the Hammersteins' situation.

I do believe that more people need to address their own legacy by taking the time to document the journey of their life. It is an exercise of significant worth. Contact us at http://www.ythlaw.com/ for expert estate planning guidance.

Powers of Attorney and Wills for the "What ifs" and "When"

I am on the way to a Nursing Home. The reason for this visit happens all to often but could be avoided with planning. Why do we wait? What do we procrastinate?

Today, when I meet with this client and their family (generally a son or daughter), I have to first determine whether the client still has the capacity to execute specific documents like a will or power of attorney. If that huddle can not be met, then the son or daughter will have to initiate guardianship procedures to address financial matters and certain healthcare matters. The window for creating a will is now closed if the client no longers has capacity.

Unfortunately for many, when we are healthy and able bodied, we do not focus on the "what ifs" (I become incapacitated, etc.) or the "when" (death happens). However, this is the time to take care of our "business". It will save you time and money in the long run. Though I do make more when you procrastinate, that is not why I do what I do. I want families to have their documents in place for the "what ifs" and the "when". If you do, then you do not have to be addressing legal matters when your focus should be on the emotional aspects of the "what ifs" and the "when".

Contact us today at http://www.ythlaw.com/ for all your probate and estate planning needs.

No Deed Too Small

I often have clients who have loss a spouse and want to know how to handle the Deed held in both names. Generally, married couples hold property as Tenancy By The Entireties. This just means that when one spouse dies, the surviving spouse becomes the full owner of the property. Technically, nothing has to be done as pertains to the Deed. By operation of law, the surviving spouse is the owner.

However, many clients do prefer to remove the name of the decease spouse. When it comes time to sell or transfer the property, there is no need to explain the status of the other name on the Deed, which generally requires the production of a death certificate.

So, make sure all your Deeds are in order and have the names of only those who are currently living. Contact us at http://www.ythlaw.com/ for expert estate planning, probate and elder law needs.

Super Bowl - The Day After

Whether your team won are not, the Super Bowl is a great time to gather with friends and family. That is just what we did on Super Bowl Sunday. We had great food, wonderful friends and exciting entertainment.

Of course these days the Super Bowl commercials get to be legendary as well. The 2 that stood out for me was (1) Kia "One Epic Ride" and (2) Doritos "House Sitting". Like estate planning, One Epic Ride is all about knowing the past to take time now to address the future. I thought "House Sitting" raised an issue regarding cremation. What do you do with the ashes? Some folks keep them on a mantel. However, unlike being able to sprinkle doritos on them to bring someone back to life, you could inadvertently spill them. Why not have your ashes distributed over a place that has meaning for you or have them secured in a vault.

Contact us to discuss your estate planning needs at http://www.ythlaw.com/

Estate Planning Mistakes - Number Twenty-eight

The federal estate tax at the present time is 35%. This is a significant amount on any estate and there may not be any cash to pay the tax. For example, the estate value may all be in real estate or in a closely held business. Planning is critical to make sure there is cash to pay the estate tax. One planning option is life insurance.

However, if an estate is already in such a situation, no cash to pay the taxes, then extensions may be granted by the IRS. The extensions will be for a "reasonable period" for a "reasonable cause".

Get the expert advice that you need. Contact us at http://www.ythlaw.com/ if you have probate or estate planning questions.

Estate Planning Mistakes - Number Twenty-Seven

If you own a business that is set up at an S Corp, you want to make sure the S Corp status is not lost upon death. If stock in an S Corp passes at death into an ineligible trust the S Election may be lost. Only certain trusts, specifically "qualified sub-chapter S trusts" and "Electing Small Business Trusts" qualify as S Corp shareholders. In order to prevent the loss of the S Election, you want to make sure your estate planning document provides the appropriate language.

Contact our offices at http://www.ythlaw.com/ to get the expert legal advice that you need for all your probate and estate planning needs.

Estate Planning Mistakes - Number Twenty-Six

It is important to know that face value of your life insurance is counted towards the value of your estate for Federal Estate Tax purposes. Therefore, the value of your estate could be subject to federal estate tax because your insurance policy increases the value of your estate.

An easy way to eliminate this problem is not to own the life insurance policy in your name. Instead, have the policy owned in the name of a trust. Such trust is known as an Irrevocable Life Insurance Trust. It can save your estate significantly on taxes.

Contact our office at http://www.ythlaw.com/ for all your Probate and estate planning needs.

Estate Planning Mistakes - Number Twenty-Five

For those with Federal Estate Tax exposures (for 2011 and 2012 it is 5 million/10 million for married couples), you as well as your spouse should have a credit shelter trust. The Credit shelter trust/By-pass trust should be properly funded. This requires that each couple have sufficient assets in their name alone. Those assets would fund the Credit shelter trust/By-pass trust upon the death of a spouse.

If there are not sufficient assets to fund the Credit shelter trust/By-pass trust at the death of the first spouse to die, then the surviving spouse will have to disclaim a portion of his or her inheritance to allow the funding to occur. A qualified disclaimer must be executed within 9 months of the date of death of the first spouse to die.

We have the expertise to assist you in all your estate planning and probate matters. Contact us at http://www.ythlaw.com/

Estate Planning Mistakes - Number Twenty-Four

Do Not Fail To Plan for Federal Estate Tax. For the next 2 years, 2011 and 2012, those whose estates are under 5 Million Dollars (10 Million for married couples) will not be subject to the Federal Estate Tax. This could be stay the same, be raised or reduced in 2013. It would be a mistake not to address the potential exposure your estate might have to the Federal Estate Tax. This tax currently would be 35% of the estate. It was even higher in the past so it is not a tax to be taken lightly.

So, make sure your estate planner explains your potential exposure. If your estate is close to the amount or over, you want to make sure you have a Credit Shelter/ By-Trust in place. This type of Trust will allow you to avoid and in some cases eliminate the Federal Estate Tax.

Contact us at http://www.ythlaw.com/ for expert estate planning advice that will save you money on taxes and preserve your estate for distribution in accordance with your wishes.

Estate Planning Mistakes - Number Twenty-Three

Estate planning is not just doing a Will. There are documents that everyone should have to address what happens if you are incapacitated or disabled. You want to make sure you have documents that take care of you while you are living.

Everyone should have a General (Durable) Power of Attorney, Healthcare Power of Attorney (to deal with physical as well as mental health) and Living Will. If you fail to have these documents and you become incapacitated or disabled, a legal guardian will have to be appointed. This is a legal process which will require a guardianship hearing before the court. You can avoid this sometime lengthy and expensive process with advance planning.

Don't make costly estate planning mistakes. Contact us at http://www.ythlaw.com/

Estate Planning Mistakes - Number Twenty-Two

If you have a business, then you should have a buy-sell agreement or a business succession plan. Business succession planning, including ownership succession and management succession, is critical to business owners. Will the business be transferred to family members, a key employee or other purchaser?

The buy-sell agreement is often an integral part of such planning. There are three basic types of buy-sell agreements: First, stock redemption agreements where the company agrees to purchase the departing owner’s interest; second, cross purchase agreements where the other owners agree to purchase the departing owner’s interest themselves; third, hybrid agreements that combine elements of the other two.

A buy-sell agreement protects each owner’s interest, preserves value, and prevents later disputes when an event of transfer occurs. A transition event could be a voluntary departure, disability, retirement or death. What happens if one of the owners gets a divorce? Without a buy-sell agreement to address these issues and assure orderly transition, the resulting chaos could be financially devastating for any business owner.

Critical Note:
How do you value your business? Once a value is established, how do you fund a buy-sell agreement? Business valuation is one of the most problematic issues surrounding the buy-sell agreement. There are several business valuation methods. A few of the common methods include determining value with reference to (1) book value, (2) capitalizing the earning of the company over a fixed period of time, (3) setting the value by independent appraisal, or (4) periodically setting a fixed value by mutual agreement of the owners of the company. Experience shows that having the owners periodically determine the value is seldom satisfactory; they seldom get around to doing it and the value gets stale. A backup, such as determining the value by appraisal if the owners haven’t set the value in the last year or two is an important provision of a buy-sell agreement. Choosing the appropriate valuation method to implement is critical.

As pertains to funding, there are generally three ways to fund a buy-sell agreement. They are a cash sale which requires savings; a financed sale whereby part of the sales price is represented by a promissory note usually secured by a pledge of the stock being transferred; or if a cash or financed sale is not feasible, a sale funded by life insurance may best address the funding of a buy-sell agreement.

Contact us at http://www.ythlaw.com/for all your business succession needs.

Estate Planning Mistakes - Number Twenty-One

Does someone who is not related to you live with you? Is there someone living with you whose name is not on the deed to the house? What happens to that person if you die before he or she does? This is when you want to consider whether you need to preserve a life estate for that person.

What is a life estate? A life estate permits a person who is not on the deed to continue to live in the house for his or her lifetime. Upon his or her death, the house could go to whomever you choose. You want to make sure your Will has a provision similar to the following:

I devise and bequeath my house at ________ together with all household goods and furnishings therein, and all policies of insurance on said real and personal property, to my ________ for life so long as she/he desires to use such premises as a home and pays all costs of maintenance thereof, including taxes, assessments, insurance and ordinary repairs, said property to be insured in a reasonable amount insuring the interest of the remaindermen as well as herself/himself.
Upon the death of _________ or at such prior time as she/he no longer uses said premises as a home for herself/himself, I direct my Executor to sell said real and personal property and distribute the net proceeds thereof to _________.

Let us help you with all of your estate planning needs. Contact us at http://www.ythlaw.com/

Estate Planning Mistakes - Number Twenty

Do not fail to plan for "non-probate" assets. Most people do not understand what is a probate asset or what is a non-probate asset. Probate assets are those assets that pass under a person's Will because the asset is only in the name of that person.

Non-probate assets are those assets that pass outside of a person's Will because the distribution is NOT govern by the Will but is governed by another document. As a result of someone's death, money can be distributed from a life insurance policy, from a jointly held bank account or from assets held under a Trust.

Everyone should review their beneficiary designation forms under a life insurance policy or a retirement account to make sure you have "appropriately" named someone. For example, if you name your children and something happens to a child do you want your grandchildren to get that child's share? Your beneficiary designation form should be reviewed to make sure your intent is clear.

Contact us at http://www.ythlaw.com/ for expert estate planning advice.

Estate Planning Mistakes - Number Nineteen

It is important the original Will is maintained in a secure place. If my clients keep the original, it must be either in a safety deposit box or a fireproof safe at their home. Otherwise, the attorney preparing the Will may maintain it. The original is needed at the time of death.

BUT, what happens if the original Will can not be found. You have to overcome the court's presumption that the Will was intentionally destroyed by the deceased. You would have to show that the original was not with the deceased. Further, you would have to present a photocopy is available and have person who wrote the Will, the attorney, available to testify as to the contents of the Will.

SO, you DO NOT want to misplace the original Will. It will cost you if you do. Contact us so that we can guide you through the estate planning process.

Estate Planning Mistakes - Number Eighteen

Do not fail to amend your Will after a birth or adoption. Under Pennsylvania law, you can disinherit your children. Unlike a spouse, you are not required to leave your children anything. However, in order to avoid the inadvertent disinheritance of a child, Pennsylvania law provides for certain rights to children.

If your child is born or adopted after you made your Will then such child will stay be able to inherit. It may not be fully what you intended. That is why it is important for you to avoid these pitfalls/mistakes.

Contact us at http://www.ythlaw.com/ for expert estate planning advice.

Estate Planning Mistakes - Number Seventeen

There are a number of triggering events that should have you making a Will or updating a current Will. One such event is marriage. Do not fail to amend your Will after you get married.

If you marry after making a Will (with no mention of a current or future spouse) and do not change it before you die, then your surviving spouse will receive the share of the estate to which a spouse would be entitled if you died without making a Will. This may or may not meet with your intent. It is always better to make your own plan then having the State's plan imposed upon you.

Contact us at http://www.ythlaw.com/for expert estate planning advice.

Estate Planning Mistakes - Number Sixteen

Do not forget to make sure your documents address Divorce. Pennsylvania law provides that if you are divorces after making a Will any provision in the Will favoring or relating to the former spouse becomes ineffective for all puposes unless it appears from the wording in the Will that the provision was intended to survive the divorce. Just to be sure, it is even better to be proactive and change your Will when you get a divorce.

Furthermore, if you have any irrevocable documents, the law does not change those provisions upon divorce. Therefore, it is imperative that your irrevocable documents address divorce in the document when the document is drafted.

Make sure you have expert estate planning advice. Contact us at http://www.ythlaw.com/

Estate Planning Mistakes - Number Fifteen

What about Fido? Do not forget about your dogs, cats, horses or other family pets. You want to make provisions for your pets in your Will or you can even have a Pet Trust established for the benefit of your furry friends.

A Trust might cover (1) designation of the caretaker (2) the fee to be paid a caretaker (3) name the trustee (4) standard of care for the pet and (5) the amount to be left in Trust for the pet.

You want your estate plan/Will to be comprehensive. Therefore, make sure you contact us at http://www.ythlaw.com/

Estate Planning Mistakes - Number Fourteen

Many people do provide burial instructions in their Will. It is also important to communicate funeral instructions to family members to make sure your wishes are followed. If the instructions only appear in the Will and the Will is not immediately assessible, no one will know your preference if you did not communicate the instructions to anyone. Do not let this mistake happen to you.

The following burial instructions can be provided in the Will: Burial plot number; Cremation, if desired; location of services; how funeral expenses are to be covered; program; guest preference; and, the list goes on.

Contact us for expert legal assistance at http://www.ythlaw.com/

Estate Planning Mistakes - Number Thirteen

Do not appoint the wrong Trustee. A Trustee is a person or institution that manages assets placed in a Trust for the benefit of named beneficiaries. Unlike an Executor whose role ends after probate has been finalized, the Trustee's role continues for the term of the Trust which could be for a period years or until the assets have all been expended.

In order to remove a Trustee, the Court must believe that removal would be in the best interest of the beneficiaries and would not be inconsistent with the material purpose of the trust. Further, a Trustee can be removed if a serious breach of trust has been committed by the Trustee; there has been a substantial change of circumstances; incompetence of the Trustee; and any other violation which can be presented and substantiated before the Court.

Contact us today!

Estate Planning Mistakes - Number Twelve

Do not appoint the wrong Executor. An Executor is the person who handles assets and other matters when a person dies. Generally one might name the surviving spouse as the primary Executor and an older child (at least 18 years old) as the alternate Executor.

You want the assets of the estate protected. Make sure your Executor either has experience or knows how to hire the right professionals to assist with taking care of the assets. It is not always wise to name an institution unless you understand the fee structure and give an individual the authority to hire and fire institutions to manage your estate.

Contact us at http://www.ythlaw.com/ for expert legal and estate planning advice.

Estate Planning Mistakes - Number Eleven

If the Will is not properly executed, it will be invalid. In Pennsylvania, the Will is valid if in writing and signed at the end. Witnesses are NOT required unless the signature is an X. These are the minimal legal requirements. But, you want to go further.

The drafter of your Will, ie. your attorney, should be present at the execution to make sure all goes well. It is also very wise to have witnesses (2) and a notary. With all of these formalities, your Will can with stand challenges applicable to improper execution.

Contact us at http://www.ythlaw.com/ for expert Probate, Estate Planning, Elder Law and Business Succession Planning advice.

Estate Planning Mistakes - Number Ten

Many Wills unfortunatly fail to provide appropriately for minor beneficiaries. How do you want the property left to minors handled? The guardian named over the person of the child does not necessarily provide such guardian with rights to administer the assets left the child.

1. Do you want a minor child to get all assets left to him/her at 18 years of age? If yes, then name a guardian of the property.

2. Do you want a minor child to get all assets left to him/her at 21 years of age? If yes, then name a custodian of the property. Not only is the age higher but there is more flexibility provided a custodian.

3. Do you eant a minor child to get all assets left to him/her over a period of time beyond 21? If yes, then a Trust would be best. The terms and conditions of the Trust could be whatever you desire in the best interest of your child. The ages could go well into adulthood.

Contact us at http://www.ythlaw.com/ for expert legal advice.

Estate Planning Mistakes - Number Nine

Do not make the mistake of not providing adequate powers to your Executor. In order to properly administer the estate, your Executor should be able to handle the affairs of your estate without court approval. It is not efficient to have the court approve every or even most aspects of the administration of your estate. There would be significant delay.

You want expert advise when it comes to preparing your Will and other estate planning documents. Contact us at

Estate Planning Mistakes - Number Eight

How do you want the death taxes to be paid on your estate? If you are not clear in your Will, there could be unintended tax consequences.

For example, if your Will is silent on how death taxes are paid, your beneficiaries could have to sell assets to pay the taxes due at your death. If the Will provides that all death taxes are paid out of your estate, this could affect some heirs differently by reducing their inheritance.

Don't let estate planning mistakes leave your loved ones exposed. Contact us at

Estate Planning Mistakes - Number Seven

If you want to make a gift to someone only if they should survive you, it must be clearly stated in the Will. One mistake that could happen is that a gift intended for a particular person could go to a totally unintended person.

For example, the Will states, I leave my shining little red corvette to my brother, John Doe. In some states, like Pennsylvania, if your brother does not survive you, then the gift could go to your brother's children. Your brother has 3 year old twin girls who clearly would not benefit from such a gift. This would not have been your intent. Therefore, you must make sure that you provide that a gift will "lapse" (not be given) if the person does not survive you.

Let experts help you with your Will and other estate planning matters. Contact us at http://www.ythlaw.com/

Making a Difference - One Run at a Time

Tis the Season of giving. To whom much is given much is expected. If we have received much in our lifetime whether tangible or intangible, we have a responsibility to share, to give, to help. It enhances our life and those around us.

If I have learned anything in the estate planning law practice, that would be that the legacy we create today can have a meaningful and worthwhile impact upon future generations. Our firm is honored to be among the many who give back each and every day.

Estate Planning Mistakes - Number Six

As with the description of personal property to be given, you want to clearly describe the person to whom a gift is given. You want to name the person and if there is possible confusion make sure your Will indicates their relationship to you.

For example, I leave my gold watch to my best friend, Jane Doe. You do not want to just say to your best friend or to your favorite cousin. Let it be clear even if you have to also express where the person lives, at least at the time of making the Will.

Contact us for expert assistance in matters of Probate, Estate Planning and Elder Law.

Estate Planning Mistakes - Number Five

I can not tell you how many Wills did not adequately identify the property to be given. This provides for further disputes among family members. You want to be specific in your bequest. For example, provide the account number; give the property address or legal description on the Deed; provide the license number or registration. You want to catalogue art work and reference the appropriate catalogue number for distribution.

You can assist your Executor if you leave a memorandum with your Will that is precise regarding the gift. And finally, as a savings provision, let your Executor make final decisions in any dispute.

Contact us at http://www.ythlaw.com/

Estate Planning Mistakes - Number Four

The 4th mistake that could occur with estate planning pertains to the distribution of "personal effects". Sometimes the biggest conflict among family members pertains to those items with little economic value but significant sentimental value. It is not the money or real estate because those distributions are generally made clear.

It is the family armoire, jewelry, china or art. Make sure you have a clear way of making the distribution. You might want to consider a lottery system or a memorandum listing who gets what. The memorandum could be placed with the Will and updated from time to time.

A little planning goes a long way to avoid conflict and bad feelings. Contact us for estate planning, probate and elder law needs at http://www.ythlaw.com/

Estate Planning Mistakes - Number Three

Mistake number 3 is getting the names wrong in the Will. This is a mistake that can be avoided with careful and professional handling. You also review your Will. Even if you do not know the legal terms and conditions which must be in Will, you can address misspellings, wrong names and other name related errors.

I have seen Wills with names misspelled and sometime the wrong name. You do not want to use nicknames but your "legal" name and those of your beneficiaries should always appear in the Will. It is appropriate to have "also known as" provided in the document for additional clarification.

Don't let this mistake cause your heirs anguish. Review before you sign. Contact us at http://www.ythlaw.com/ for expert advice and guidance.

Estate Planning Mistakes - Number Two

The failure to provide complete information to your estate planner is a big mistake. Your estate planner needs to identify all of your assets; to estimate the relative value of those assets; and, to determine how assets are titled. It is important to provide the names and ages of all your immediate family members. If you have other heirs that you want to leave assets, their names need to be provided to your estate planner.

Contact our offices for additional information and guidance at http://www.ythlaw.com/

Estate Planning Mistakes - Number One

Over the next few days, I will review estate planning mistakes. But more importantly, I will address how to avoid them or correct them if you have failed to avoid a mistake.

(1) Not getting an estate planning professional to handle your estate planning is a common error made by many.

You can avoid this by doing your research. Check with your local association of legal professionals for a recommenation or get a referral from a friend who has used an estate planning attorney. If you have already made the mistake, then have your documents reviewed by an estate planning professional to make sure you have what works best for you and your family.

We stay current all estate planning matters to serve you. Contact our offices for a free consultation at http://www.ythlaw.com/

In A Blink Of An Eye - Follow-Up

A message from Jayla’s mom Robyn:

“Thank you Yvette and all of the sponsors for your support. Hearts for Jayla is making a difference. One Child, One Vision can make a World of Difference. Keep Praying.”

You are not alone. Giving has a domino affect in many ways. Jayla has shared what happened with her eye injury and other children do not feel alone in their personal eye injury battle. It is good to know we ran and raised money to help address, prevent and cure eye injuries. This is just a follow up video for your information and thanks again for your support. Stay in touch with us at http://www.ythlaw.com/

Breaking News - The Federal Estate Tax

Last week, a number of tax issues were addressed. For the next 2 years, 2011 and 2012 Congress has provided:

• The new estate tax rate will be levied on estates over $5 million ($10 million for couples), with a tax rate of 35% for 2011 and 2012

• The top two tax brackets will remain at 33% and 35%.

• No change for capital gains and dividends taxes. It will remain at 15% for everyone

Now that we know what to expect for the next 2 years, it’s a good idea to go back to the drawing board and re-evaluate your estate plan as well as you year-end tax strategies before December 31st.


Contact us at www.ythlaw.com for up to date estate planning information.

Moments That Can Touch the Soul

We all can appreciate when a simple moment becomes an extraordinary experience. This can happen anytime, anywhere.

Share your extraordinary experience with us at www.ythlaw.com

Elizabeth Edwards Dies at 61

Her legacy of strength and forgiveness will live on long after her death. She fought the fight we all hope we never have to endure. Though she lost her battle to breast cancer, it will be her life's work that will be remembered by everyone.

Share your stories with us at http://www.ythlaw.com/

Who Will Be the Guardian?

Getting your affairs in order is such an important action for all of us. However, most of us procrastinate or do not make planning for this eventuality a priority. So, I thought I would do a series on things that might motivate us to action.

The FIRST series will be on children. Yes, they are for many of us our MOST important asset and we want to make sure they are taken care of when we die. They can move us to ACT.

I thought this photo was absolutely incredible and wonderous. What a lovely family. QUESTION, who would be named as the guardian for septuplets if something happened to their parents? Naming a guardian is one of the most important parts of doing an estate plan.

Do not procrastinate. Your children are depending upon you. Contact us at http://www.ythlaw.com/

We can help.

What is Your Plan?

I ask the question because it is important to have a plan so that you are not merely reacting to situations. You are in control and make things happen. With a plan you move from reaction to action.

So, what is your plan? You develop plans for work. You develop plans for your children. But, what about a plan for you!! You start with your goals and aspirations in aspects of your life. This would encompass your personal, work, health and spiritual/religious. I would suggest you have at least 2 goals and aspirations in each category. After you list your 2 or more goals and aspirations then be as specific as possible regarding how you might accomplish those goals and aspirations. Remember, faith in your goals and aspirations will help work out some details your may not know how to address.

AND of course, getting your Will done should be NUMBER ONE in your personal goals. Once you write it down in your plan, guess what, it gets done and not as a reaction but as an ACTION!!

Contact us at http://www.ythlaw.com/ for more information.

Why Do We Wait?

Many people come to my office and apologize for not getting their estate planning done sooner. Something has motivated them to get done what should have already been done. Why Do They Wait?

They wait for a child to be born; they wait for someone to die; they wait to have money; they wait for something bad to happen; they wait for something good to happen; they wait because that's what people do. We wait. So over the next few weeks, I will look at things to motivate you to action. To move us from reaction to action.

What will those things be? Wait, and see.

Contact our offices at http://www.ythlaw.com/ for all your estate planning, probate and estate administration needs.

What About The Assets Left Behind?

Sometimes it takes the death of someone we love to realize the importance of having a Will.

Who will get your assets? Who will make sure taxes are paid? Who will determine what you have? Who will figure out what bank accounts you have? Who will take care of your children? Who will take care of your pets?

These questions are left unanswered BY YOU if you fail to plan. You leave it up to others to resolve these issues and it may not be in the best interest of your loved ones.

Tell me what are you waiting for? Contact us at http://www.ythlaw.com/ for expert guidance.

Happy Thanksgiving

It is Thanksgiving and folks are gathering at the homes of family and friends. It is a festive and happy time. It can also be a bit stressed and overwhelming as well. But, it is a Holiday. It is a time to take off. So, we can make it what we want it to be.

Enjoy the DAY!!

Happy Thanksgiving from us to you!!!

Intestate Means To Die Without a Will

Death is not a topic we like to talk about. So, we come up with interesting ways to refer to death , "kick the bucket". Does that make it less real? But it is real and it is inevitable. So before your last days, you want to get your affairs in order.

If you fail to plan, you leave the decisions to others including those you do not know.

Contact us at http://www.ythlaw.com/ for expert legal advise.

Leap To Getting Your Affairs in Order

I know that frogs croaked. We all have heard frogs croaking day and night. When I researched terms used for death or when someone has died, "croak" was a part of the list. So, you do not want to "croak" without planning for those left behind.

Take the time to plan. It is easy, fast and the complex can be simply explained by a professional. We are here to take the worry away. Contact us at http://www.ythlaw.com/ for your free consultation.

If not now, when.

In It To Finish!!

We did it!!! Yes, my marathon run was successful because of so many people. My trainers were, of course, awesome, Sharon Czebotar - Center for Human Performance, and Anne Van Thuyne, Trainer - Newtown Athletic Club. There were countless others at the marathon that made the difference for me.


At the 10 mile mark when my breathing was labored, a man came next to me and said "You sound as bad as I look." He did not look bad at all and paced with me for a mile with him telling me family stories as I got my rhythm back. At the 12 mile mark, a 20 year old cross country runner paced with me since he needed someone to keep him going. Can you believe I actually was able to support a 20 year old? He did the 1/2 marathon and waved me on. For miles 14-15, I was encouraged by a 65 year old man who was in the race for his personal goal of a 100 marathons in his lifetime. He was doing his 95th marathon. His speed walking paced my run. A 57 year old woman who had done a marathon in all 50 states helped me through miles 22 to 23. I was literally on my own for most of miles 24 - 26. There was no one around. The crowd was pretty thin but I pushed through to the end.


Thanks for supporting me in my run and donating to Jonathan and Jayla.

Who Will Serve As the Executor of Your Estate?

Getting your affairs in order is such an important action for all of us. However, most of us procrastinate or do not make planning for this eventuality a priority. So, I thought I would do a series on things that might motivate us to action. Last week, we addressed children or birth of a child as a motivator to act.

This week we look at the opposite of birth, death, as a motivator to action. The realization of our mortality can be incentive enough to get out affairs in order. Your assets can be wasted if you fail to choose an Executor and your family can not work together. It happens. So, why wait? Do not Procrasinate.

Don't let time run out on you.

When Should You Name a New Guardian

As a baby, our child's potential is unlimited. As our child grows, they develop interest and talents. Maybe she will be a dancer, a rocket scientist or a teacher.

You may name a guardian and then later in your child's life realize that another guardian would be more appropriate. There are many reasons to change your guardian. Some things that may trigger this decision include:

1. The age of your guardian

2. The age and talents of your child

3. The location of your guardian

4. Other changed circumstances of your guardian

5. Other changed circumstances of your child

The main thing to remember is that like other parts of your estate plan, updating is very important. It is not a once and done process but as your life changes, your estate plan evolves. We can help. Contact us at http://www.ythlaw.com/

When do you choose a Guardian?

Even an Angel needs a guardian. Who will be your Angel's guardian if something happens to you?

You should choose a guardian once your child is born. For those who practice certain religions a child's godparents are named early on. Usually a baptismal ceremony is held with the godparents present. Godparents agree to take care of their godchildren should something happen to the parents. You may already have godparents for your children so you need to name those individuals in your Will as guardians to cover all bases.

Is your Angel covered? Contact us at http://www.ythlaw.com/ if we can provide any further assistance.

Should The Court Decide Your Child's Guardian?

It is a miracle!!! Birth is just that!! For many having a baby has been a difficult journey. But then the miracle of all miracles happens, you give birth. You marvel at this being, so small, so dependent, so perfect!!

You feel happy at last to be a mother, to be a father. Now another journey begins. Yes, you will enjoy watching your little miracle child grow and develop. You will love a lot and you will worry a lot. But, through it all you wonder about your child's future. An important part of your child's future is determing who would serve as the guardian if anything should happen to both parents.

Do not take such an important decision lightly. You have given your child so much and why jeopardize that with a court's decision regarding your child's future. The time to have a Will done that names your preference for guardian is now. Do not wait, do not procrastinate. Contact our offices at http://www.ythlaw.com/ to help.

Things to Consider in Naming a Guardian

So, you may not have 6 or more children. But your little pumpkin is just as precious and deserves your attention and focus on their future. If that future should be without you, what would you desire for your little one.

In thinking about a guardian, consider the following:

1. What will be the least disruptive for your child since loosing a parent is catastrophic enough.

2. Who has shown unconditional care and love towards your child?

3. Who does your child like to be around?

4. Who has similar values to yours including religious belief and educational goals?

5. Who is most unselfish?

These are just a few things to consider in making such an imporant appointment as a guardian. Think now and make that choice. You child will benefit. Contact us for further guidance at http://www.ythlaw.com/

The Power of Your Legacy

Today I am presenting at Bucks County Community College, A Day For All Women. In the session participants will learn the 7 principles of wealth and recommended actions to implementa­tion. I will further provide a step-by-step understanding of estate planning.

Since women generally live longer than men, they need to use estate planning to their benefit and the benefit of their children.

Create a legacy of worth, protecting and preserving assets by attending this workshop. All are welcomed, November 7, 2010 at 8:30am until 3:00pm at Bucks County Community College.

Contact us at http://www.ythlaw.com/