News & Resources: Blog: Estate Planning

News & Resources: Estate Planning

Estate Planning

Planning for the Surviving Spouse’s Estate

Upon losing a spouse or long-time partner, it can be challenging to consider other matters besides grief. However, it is crucial to understand there are important and timely decisions you need to make regarding your finances and personal estate plan. In truth, estate planning is perpetual as it accounts for changes in marriages, deaths, divorces, […]

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Living Trusts: How They Can Benefit Seniors

Seniors are often the target of fraud and financial abuse. That’s why it’s important that planning is in place to help seniors protect themselves and their assets. As we age, it can become increasingly difficult to manage our assets. Most of us will, at some point, need assistance with these details to help ensure that […]

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Planning an Estate for Blended Families

Today’s American families commonly have stepchildren, and they are treated as if they were full biological children, even in cases of inheritance. This is particularly true where stepchildren are part of a blended family from an early age. Biological siblings may have different feelings about a stepchild inheriting what they perceive is theirs as a […]

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An Overview of Powers of Attorney (POA)

Estate planning involves implementing Power of Attorney (POA) documents. All states recognize powers of attorney, but rules and requirements will differ from state to state. The document gives one or more individuals the legal authority to act as your agent or proxy on your behalf. Depending on which POA you choose, the agent’s power may […]

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Knowing the Probate Process Whether You Have a Will or Not

Almost everyone knows about the probate process, which takes place in probate court after someone passes away, and they are aware that it takes place after someone dies. Unfortunately, fewer people know that it can be a long and complicated process. It can sometimes take months, or even years, to complete. The Probate Process The […]

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Understanding Special Needs Trusts

In general, a trust is a financial arrangement in which property or assets are managed for someone else’s benefit. The person or entity who manages the trust is known as the “trustee” and is entrusted with the responsibility of making decisions in the best interest of the person who benefits from the trust, known as […]

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Scott Bloom Law News & Resources Links

How Does Estate Planning Work with Multiple Homes?

For many people in the Philadelphia and South Jersey region, owning a second home is a dream come true. Whether ‘down the shore or ‘up the mountains’, some folks seek to own a second property to be closer to family, for professional purposes, for leisure, or as an investment. Whatever the circumstances, owning more than […]

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Having the ‘Estate Planning’ Talk Over the Holidays

The holiday season is a time for families to come together, sharing meals, memories, and laughs. While the urge to keep things light-hearted is understandably strong, for many families, this is the only time of year where everyone can be together under the same roof and taking some time to discuss some ‘heavier’ issues can […]

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The Importance of an Advance Healthcare Directive

As a part of your Estate & Life Care Planning, it is important to understand the documentation you need to grant your loved ones the ability to speak for you. An advance healthcare directive is one such document we stress to our clients’ of all ages is important to create now. Perhaps you go to […]

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Things to Consider When Creating a Living Trust

The importance of creating a living trust can not be understated for both you and your family. A living trust (also known as a revocable living trust) ensures that your personal information is kept private and is an invaluable tool for estate planning. It offers a private, efficient, and stress-free way to transfer property and assets […]

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CLIENT Testimonial

Our family had the good fortune to find Scott Bloom.  He was invaluable helping us set up our trust. We had an unexpected health crises and realized that we had nothing in place to protect our children.  Scott explained our options and got the necessary paperwork ready for us to hand to our family, accountant and banks. Scott was absolutely the right attorney at the right time for us. We would highly recommend him and his team.
- Tricia B., Hamilton, New Jersey

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