A will can help you greatly reduce the estate taxes. This is especially true if you have a large estate. www.estatePlanningphiladelphia.net also offers that a will can be used to appoint a guardian for minor children in the event that both parents pass away.  
Estate Planning Philadelphia advises that you should first fill in a work sheet. The sheet is important as it will help you make informed decisions on what to include in your will. You should present the filled out form as well as extra notes to a lawyer to help him/her prepare a will that effectively meets your desires and needs.  

According to estate Planning Philadelphia you should include a medical directive in your estate plan. The term medical directive encompasses a variety of directives including health care proxies, a will, and powers of an attorney for health care and medical instructions. In most instances, the documents to be included in the plan are dependent on the laws of the state where one resides. Powers of the attorney and the healthcare proxies appoint someone that you select to make, on your behalf, health care decisions. On the other hand, the will instructs health providers to withdraw life support in the event that you are in a vegetative state or if you are diagnosed with a terminal illness.  

Estate Planning Philadelphia offers that for the legal instruments to be properly executed, persons signing estate Planning documents possess adequate mental capacity. This is considered important in estate Planning Philadelphia as it is the only way that one may be able to appreciate the implications of signing the documents. However, it is worth noting that capacity is variable depending on the functions for which the capacity is required and the abilities of the individuals. According to estate Planning Philadelphia an attorney is required to ask certain questions to assess an individual’s capacity to execute legal documents. Where an attorney is unable to reach a conclusive decision of whether a client has adequate mental capacity, by him/herself, he may seek the help of medical personnel and even family members. While the medics may not be able to determine if an individual has the capacity to undertake legal commitments, they may provide professional evaluations that will in turn help the lawyer make the all important decision.