Wills And Estate Planning FAQs

Why do I need a will?

What about powers of attorney, living wills and trusts?

Do trusts avoid nursing home costs and/or inheritance taxes?

What about life insurance and annuities?

Isn't estate planning only for the wealthy?


Why do I need a Will?

First and foremost, you want to assure that the people you want to receive your estate do receive it as opposed to the statutory heirs whoever they may be. Second, it is a much more efficient process to have a will and a named executor as compared to an estate without a will (intestacy). Finally, a properly drawn will can be more tax efficient than an intestacy, and your assets can be protected by way of a trust for those heirs who may need financial guidance.

What about powers of attorneys, living wills and trusts?

Casale & Bonner, P.C., provides comprehensive advice in any estate planning consultation that can include drafting of those types of documents. However, this firm prides itself on providing only necessary services, and those documents are not needed in all cases.

Do trusts avoid nursing home costs and/or inheritance taxes?

In some cases, and Casale & Bonner, P.C., is well-experienced in drafting such documents and providing elder law advice. However, Casale & Bonner, P.C., is also mindful of some pitfalls relating to such documents and is very careful to point out some adverse consequences of trusts, especially for our elderly clients.

What about life insurance and annuities?

Just as with trusts, Casale & Bonner, P.C., has extensive experience in providing clients with advice involving insurance and annuities, but also is experienced in how these investment products can be abused and cautions clients that there are certain circumstances that make those products an inappropriate planning tool.

Isn't estate planning only for the wealthy?

Absolutely not. In fact, in some cases, planning for the middle-income client can result in a much higher percentage of tax savings than for the wealthy client, who can afford to shelter much of their estate in methods that are not appropriate for those considered not wealthy. Casale & Bonner, P.C., provides services to a wide cross section of clients at fees that are affordable.


The lawyers at Casale & Bonner, P.C., of Williamsport, Pennsylvania, are happy to answer questions not mentioned in this estate planning FAQs. We invite you to call our attorneys at 570-326-7044.