What You Should Know About Retirement Estate Planning in Pennsylvania

It is important to learn about the importance of creating an estate plan that encompasses all aspects of life, including retirement. It is in your best interest to reach out to our firm to begin your estate plan. It is never too late to get started. Contact us today and speak with one of our experienced Montgomery County, PA wills, trusts, and estates attorneys to discuss your case and options.

What parts of retirement should I consider in my estate plan?

If you are considering retirement, it is important that you recognize that your estate plan should reflect this life change. Some of the many aspects of your estate plan should include the following:

  • Powers of attorney: By using a power of attorney, you can ensure that your assets and life decisions are placed in the hands of a trusted individual. By establishing a power of attorney, you are able to have a loved one that you trust the authority to manage certain medical or financial decisions and affairs on your behalf, in the event that you ever become incapacitated.
  • Beneficiary designations: After creating your estate plan, you should designate specific beneficiaries to your estate. Because of this, retirement is a critical part of your life, which is why you should update any beneficiaries on your retirement plan, life insurance, and pay-on-death designations. Luckily, you can preserve both time and money by assembling these plans together, having to only make these designations once.

What is the importance of an estate plan?

Without a comprehensive estate plan, when you pass away, your assets may not go where you intended, and the only people to miss out, are your family members. This is not something you or your family will want. This is because when you consider retirement while creating your estate plan, you can save yourself in many ways in the long run. For example, most of the time, when people simply name their beneficiaries in their retirement account, their families may face serious financial loss as a result.

To learn more about estate planning that incorporates retirement, you will need to reach out to a skilled estate planning attorney. At Friedman Schuman, our legal team is equipped with the experience and knowledge required to ensure that our client’s estate plans are prepared for the unexpected. Do not wait to reach out to our firm today and speak with a skilled Montgomery County, PA wills, trusts, and estates attorney.


Friedman Schuman is an experienced and dedicated legal resource for clients throughout Pennsylvania. We proudly serve clients facing a wide range of legal matters. If you require the services of an effective attorney, please contact Friedman Schuman today to schedule a consultation.

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