Estate planning builds a legal roadmap for disseminating wealth after someone dies. Responsible individuals take action in this department as soon as possible. That way, one can have faith that confusion will not reign after they pass. The nature of the topic means...
When a person dies, the estate typically goes through a legal process that pays the deceased’s debts and distributes his or her assets. However, if a will or estate plan is not available, your estate is subject to state law, which may not handle your estate the way...
When making a will, one of the most important decisions you will make is naming your executor. This is the individual who carries out the duties of your will after your death. Naming an executor means appointing an individual you trust to protect your assets and...
When you choose to write a will, you are making your intentions known and acting to save your family a great deal of trouble and confusion in the long run. You can paint an even clearer picture of how you want to distribute your estate by also having a trust. Many...
When you said "I do," you committed to your spouse through the good times and bad. Hopefully, you will have a future of good things to look forward to. While it may be unpleasant to think about, you should also prepare for the bad. Writing a will is a way to prepare...
Estate planning allows Ohioans to maintain some control over what happens with their assets after their death. If you have a comprehensive estate plan, you may also retain a say in your medical treatment. After all, with medical power of attorney, you can name someone...
A common mistake you should avoid with estate planning is neglecting to revise your will and other important documents after important milestones in your life. Regular updates ensure that your estate reflects your intentions and provides for your loved ones. You...
Executing an estate is a big responsibility. When you draft a will and appoint an executor, you should be aware of what that role entails. Executors do not need to have extensive legal or financial know-how to manage their responsibilities. However, they must take...
A sound estate plan may make it easier for the right person to retain control over your assets after your death. For instance, it can help to ensure that the correct heir obtains your car, bank account or Ohio home. It also allows you to name a guardian for any minor...
You might have drafted a will years ago that you thought would have staying power. Like many people, you might have assumed that your relationships and assets would remain stable throughout your lifetime. Even if this has been the case, failing to account for any...
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