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Planning Ahead for Peace of Mind

Blogging Ahead

By: Sipi Gupta | October 14, 2019

What happens to your Facebook account when you die?  What electronic media did you use today?

 

All of the different online accounts that you use are your digital assets, and they challenge traditional estate planning approaches.  The Revised Uniform Access to Digital Assets Act (RUFADAA), revising the Uniform Access to Digital Assets Act and developed by the Uniform Law Commission, establishes rules and regulations surrounding digital account ownership. 

 

According to a recent McAfee survey, the average individual has over $35,000 worth of assets stored on his or her devices.[1]  Such assets include personal memories (photos, videos, and the like), personal records (like health, financial, and estate plannin...

By: Sipi Gupta | September 13, 2019

Although special needs planning can seem overwhelming, it is important to begin identifying what your son or daughter will need throughout his or her life and the what-ifs for when you are no longer there.


Step 1: What Will Be Needed?

  • A future needs assessment taking into consideration your child's disability and anticipated resources - either from public programs like Medicaid and SSI or through private funds. 
  • Tracking regular and intermittent expenses to give you a baseline that includes the costs associated with your child's day-to-day living
  • Contact nonprofits for people with disabilities that offer support and education as well as the invaluable opportunity to connect with and learn from the experiences of others.  
  • Get a...

By: Sipi Gupta | February 01, 2017

The Young Lawyers Division of the Pennsylvania Bar Association provides peace of mind to first responders through this important pro bono project. Find out more about protecting those who protect us.

By: Sipi Gupta | January 27, 2017

Estate planning can be overwhelming. You know it’s the right thing to do, you want to get it done, but it’s easy to put off until tomorrow. The process is even more difficult for those who must consider the care and comfort of a family member with disabilities.

To get started, take it one step at a time.

1. Get Organized. Make a list of your assets and their approximate values. Don’t forget to include beneficiary-designated assets (such as life insurance and retirement plans) and tangible personal property, such as rare books, old coins, antiques, and jewelry. If you are the primary caregiver for an individual with disabilities, gather the most important documents someone else will need to take care of that person. Put everything in one pl...