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What is estate planning? Estate planning is the process of arranging legal matters, such as assets, in anticipation of a testator's passing -- but it's a more complicated process than most people realize. There are many things you can do with an estate plan. These...
An illness or injury can leave you incapacitated and unable to manage your affairs. In such a situation, you need someone to step in your shoes and make decisions on your behalf. A power of attorney can help you achieve that. A power of attorney (POA) is a legal...
No one likes to think about their mortality, but estate planning is critical to ensuring that your loved ones are taken care of after you're gone. While it may seem like a daunting task, having an estate plan in place will provide peace of mind. Estate planning...
Anyone who is over the age of 18 could benefit from an estate plan or at least a will. They can take control over what happens when they die or if they experience some kind of incapacitating emergency. Such steps are crucial for an individual's financial protection...
There are many different ways that you can help prepare yourself and your estate for taxation. In fact, there are some options you can use to minimize or completely remove the risk of taxation in some instances. Since there are so many options to reduce taxation, you...
In today’s complex world, it’s no longer sufficient to write a will and sign it. A complete estate plan includes several different types of documents, all with specific functions – such as a Financial Power of Attorney, a Healthcare Power of Attorney, a Living Will,...
There are many kinds of trusts that you can use in your estate plan. A trust is designed to hold your assets, but depending on the kind of trust you use, what happens with those assets and the protections you receive may vary. Some of the most common kinds of trusts...
You may have heard that after you pass away, all or some of your estate must be processed by an Ohio probate court. This is also called passing the estate through probate. It is a legal process by which a judge accepts or rejects your will as valid or invalid, and...
If your parent or other loved one has recently passed, and you are now the executor of the estate, you may be wondering what you need to do. In a sentence, the executor of an estate ensures that the estate of the decedent pays off any debts or creditors. While it may...
Creating an estate plan is an essential undertaking. It helps you prepare for the future and ensures the security of your family legacy. But in order to make sure your future is secure, an estate plan requires constant updating. Ideally, you should review your estate...