Powers of attorney are documents where you can name individuals to help manage your finances or make health care decisions for you if it is inconvenient for you to do so, or you are unable to do so. Powers of attorney are an absolutely vital component to a complete estate plan. Because Pennsylvania’s power of attorney laws have changed significant recently, it is important to work with an attorney to ensure your documents are up to date and drafted appropriately.
Estate administration is the process of wrapping up a person’s affairs after they pass away. The process involves acquiring authority to work on behalf of the estate, marshaling the deceased’s assets, determining who is entitled to the assets, managing any potential liabilities of the estate and paying appropriate debts and taxes, and distributing the assets to the intended beneficiaries.