Thompson Law Group, P.C.

Important steps to take in the estate planning process

Planning and preparing for the future is often avoided. Residents in Pennsylvania and elsewhere do not like thinking about their aging life and what will happen after their death. Nonetheless, taking the time to consider and assess these important end-of-life factors can help individuals protect assets and provide for loved ones upon their death.

The estate planning process might seem daunting, but it is an important step to take. And if individuals take the time to detail their estate plan and regularly update their information, he or she should have no concerns regarding its execution at the time of their death.

Having proper beneficiary designation means that your assets will be transferred to the proper heirs and loved ones quickly and easily at the time of your death. This also helps your loved ones avoid probate, which can be a lengthy and complex process. Additionally, beneficiary designation can assist with reducing estate taxes.

While many assets provide the ability to name a beneficiary, most people still include a will in their estate plan. Doing so can help provide more in-depth or specific designations or even help establish a trust. For those with larger estates, they will likely have a more complex estate plan. This could mean including numerous documents providing protection and designations.

One pitfall that individuals should ensure they avoid no matter the size of their estate is beneficiary designations that do not match their will. This creates a conflict among beneficiaries, and it will result in it becoming a matter for the courts to decide. Because most people seek to avoid any issues following their death, it is important to update beneficiary designations and wills regularly.

The estate planning process can be challenging, especially when you are making difficult decisions that require you to consider what will happen after your death. But you do not need to do this process alone. Those with questions regarding the estate planning process can seek the assistance of an estate planning attorney, who can advise you on what steps to take.

Source:, "Estate planning must dos," March 27, 2017

No Comments

Leave a comment
Comment Information

Contact The Firm

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

email us for a response

Warrendale Office
Main Office
125 Warrendale-Bayne Road
Suite 200
Warrendale, PA 15086

Phone: 724-799-8404
Warrendale Law Office Map

Greensburg Office
101 North Main Street, Suite 104-A
Greenburg, PA 15601

Phone: 724-832-3500
Map & Directions

Canonsburg Office
Satellite Office
2400 Ansys Drive
Canonsburg, PA 15317

Phone: 724-799-8404
Map & Directions

Pittsburgh Office
Downtown Pittsburgh
500 Grant Street, Suite 2900
Pittsburgh, PA 15219

Phone: 412-823-8080
Map & Directions

Monroeville/Wilkins Township Office
Satellite Office
Building 1, 201 Penn Center Blvd., Suite 400
Pittsburgh, PA 15235

Phone: 412-823-8080
Map & Directions

Erie Office
1001 State Street
Suite 1400
Erie, PA 16501

Phone: 814-451-1125
Map & Directions