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Estate Planning Archives

3 reasons why you need a healthcare directive

The truth is, no one ever truly knows what the future holds, which is why you need to do everything possible now to prepare for unanticipated situations, including medical emergencies. For many, a crucial part of this preparation includes a healthcare directive.

2 reasons why millennials avoid estate planning ― and why they are wrong

According to a recent survey conducted by Care.com, only 42 percent of adults in the U.S. have an estate plan -- meaning an alarming 6 out of 10 have no wills or trusts in place should they pass away. While these numbers are bad enough, they are actually even worse among millennials.

Estate planning tips for horse owners

Many Ohio residents are also horse owners and have poured a great deal of time, energy and money into their beloved equines. Handling these animals within estate planning can be a challenge, as horses have very specific needs that often cannot be properly addressed by those who are unfamiliar with their care. The best way to ensure a long and happy life for these animals is to create a comprehensive estate planning solution.

Retirement trusts can provide for grandchildren

Each and every Ohio family has a unique set of needs when it comes to creating an estate plan. Passing down accumulated wealth to one's children is a common estate planning theme. However, there are cases in which all of a couple's children are already doing well for themselves, and where the focus can turn to the next generation. Retirement trusts are an excellent option for families who are looking for ways to pass wealth down to grandchildren.

Marriage alone is not a solid estate planning approach

There are a great many Ohio families in which the spouses intend to leave all of their assets to each other in the event of death. In many cases, both parties feel that they have worked hard to amass their wealth and that the fruits of that labor belong solely to their partner. Unfortunately, many are unaware of the best way to ensure that outcome, and they make the mistake of assuming that marriage is sufficient estate planning all on its own.

Is your estate planning safely stored and accessible?

Although thoughts of death are not something one wants to linger on, it is a reality. Ohio residents may recognize the importance of organizing important documents and storing them in a manner that will be readily accessible to surviving family members in the event of an unexpected death. There are multiple storage options for estate planning documents, including the traditional way of keeping them in a safe or the modern way of storing them in a cloud.

Estate planning can help businesses remain viable for generations

For those in Ohio who own a business, ensuring that the business continues to operate after one's death is often a primary concern. Many people have made their business venture one of their top priorities throughout their lives, and want to see that hard work passed down to future generations. Through comprehensive estate planning, that goal can become reality.

Is joint ownership a solid estate planning approach?

Many Ohio residents are interested in ways to simplify their estate plans and to pass along assets to loved ones outside of probate. Often, adding a child or other relative as a joint owner of an asset seems like a good way to accomplish that goal. While joint ownership does have some advantages, there are a number of ways that this approach can lead to estate planning trouble.

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