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 have an estate plan in place, be sure to discuss it with your adult children before it's too late.
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 at the age of 90, do so. Protecting yourself, your assets and your loved ones is important no matter your age.
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.
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?
Halloween is almost here, and Thanksgiving isn't far behind. Then once Christmas passes, it's time for countless Ohio residents – the "snowbirds" – to fly south for the winter.
You knew your mom had written a will and named you as the executor. As sad as the idea of her passing made you, you agreed to serve in that capacity for her when she passed away.
Many of us know people who refer to their cat or dog as their four-legged child. Maybe that's what you call yours.
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.
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.
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.