You may have enjoyed both a successful career and good health as you near the age for retirement. However, no one knows what the future holds. If you are starting to think about estate planning tools, be sure to include powers of attorney. POA for healthcare A power...
Month: July 2020
Benefits of creating a revocable living trust
There are many reasons people planning for their estate would create a trust. While the most common of those reasons is the protection of assets, a revocable living trust also provides several other benefits. Many of these perks you may not have considered. But first,...
Marital dissolution vs divorce
When a couple decides to end a marriage, there are a few options available to bring an end to the relationship. Two of these are divorce and marital dissolution. Before choosing which path to pursue, couples should understand what the differences are so they can make...
What must you do as an estate administrator?
When you become the administrator of a decedent’s probate estate, you assume responsibility for taking the estate through the probate process and distributing its remaining assets to the decedent’s heirs thereafter. The American Bar Association explains, however, that...
Limiting your estate tax liability
An important part of planning for the administration of your estate in North Royalton includes minimizing your estate's liabilities that you leave to deal with upon your death. Some expenses, however, might seem unavoidable. Like most, you probably put estate taxes at...
Is it time to start preparing for Medicaid qualifications?
Preparation can go a long way in helping Ohio residents avoid difficult scenarios. For example, you may be closing in on retirement age, and while you look forward to no longer working, you know that numerous people over the age of 65 will need some type of long-term...
What does the judge consider when determining custody?
If you and your spouse fail to reach agreement as to your post-divorce custody arrangement, a judge will make those decisions for you. FindLaw explains that while a judge’s primary goal is to determine “the best interests of the child” and decide all custody issues...