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...
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Estate Planning
Commonly held misconceptions about probate in Ohio
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...
What the executor of an estate does
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...
Do you need to update your estate plan?
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...
Do you need an advance directive?
Right now, you are healthy enough to make your own medical decisions. However, as you do your estate planning, you are well aware that that may not always be the case. Yes, estate planning does focus on what happens after you pass away, but you may also want to...
Discussing your estate plan with your adult children
The estate plan is one of the most important legal moves you will make in your lifetime. It protects all of your assets, money, property and your family in the time of your death. It outlines how your heirs are to receive your money upon your death and much more. If...
You’re never too old to establish an estate plan
Contrary to popular belief, you are never too old to establish an estate plan. It doesn’t matter if you are 18 or 81, 25 or 95, 30 or 100; age does not matter one bit when creating an estate plan. In fact, if you have the opportunity to create your first estate plan...
Getting ready to write a will
Writing a will can seem like a daunting task. Not only does it force you to think about death, but it also makes you consider how you want to leave your assets to your loved ones. It is essentially your last statement to your family and friends. While you can (and...
Young parents, new baby: The perfect time for estate planning
Someone close to you has just had a baby. Congratulations! Maybe you’re now Ohio’s newest grandparent or an uncle, trying to find the perfect gift to welcome the baby to the world. Instead of a stroller or a stuffed animal, how about helping the new parents create an...
Will every Ohio institution accept your power of attorney?
A power of attorney is a key part of the overall estate plan for Ohio residents, but will it always work the way you intended it to when you need it to? The document is designed to allow someone to take an action on your behalf when you aren’t able to do so. If you...