Insurance is the forgotten side of estate planning. So many focus on the investment side of estate planning and financial planning that they ignore the huge role that insurance can and should play. From my chair, I believe that both life and long term care insurance...
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Estate Planning
Estate Planning Dictionary: What is a “living trust”?
Estate planning is full of terms that most people have vaguely heard of but don’t know what they mean. Knowing what terminology means is important to being an informed person and an informed client. When I was going through my classes to be a high school basketball...
Estate Planning Terms to Know: Probate and How to Avoid It.
A major purpose of estate planning is to avoid probate. But what is probate, and why do you want to avoid it? Probate is actually Probate Court. Probate Court is the division of Common Pleas Court, in Ohio, that deals with anything to do with wills, estates,...
An Estate Planning Dilemma: Estate and Death Taxes
In the world of estate planning, “Death Taxes” or more properly called, Estate Taxes, make headlines. What you call these taxes when someone passes away depends on your political bent. Republicans use the phrase Death Taxes while Democrats like to call the Estate...
Why timely, effective estate planning is important
To persons of a certain age in Ohio and elsewhere, it likely doesn’t seem that long ago that many people regarded estate planning as some esoteric prerogative of only the super rich. These days, there is a far greater appreciation among many millions of individuals...
Estate planning in Ohio, and what you owe your children
Interestingly, it appears that baby boomers do not all feel that they owe their children the same things. Recent polls found that more than half — 54 percent — think that they should not have an obligation to leave money behind for their children. The remaining 46...
