If you are thinking about estate planning but finding the process a bit overwhelming, you could use the step-by-step approach starting with the basics. Among these are durable powers of attorney (POA), which provide healthcare and financial benefits and peace of mind...
Estate Planning
Tips to avoid a contested will
The grieving process can bring out the worst in people sometimes, including during the reading of the will. Sometimes, family members contest the will if they believe it to be unreasonable or unfair. This delays the estate settlement and prolongs the entire grieving...
How does the payment of wages work after death?
When your loved one dies, the last thing on your mind is likely collecting his or her last paycheck. But eventually, you will need to get those wages, which can create problems if you are still dealing with probate. Luckily, Ohio law outlines what should happen in the...
Why do I need Medicaid planning?
Medicaid planning is a general term used to describe the process of maximizing your ability to use Medicaid. Preparing for Medicaid might involve several professionals and loved ones volunteering their time to help you live a better life in your old age. According to...
The 2 types of guardianships recognized in Ohio
When an Ohio adult becomes unable to manage his or her own personal affairs, it may warrant the appointment of a guardian or an individual who agrees to take legal responsibility over the incompetent party. Because guardianships strip away some of an individual’s...
How can you avoid common estate planning mistakes?
You probably already know how important it is to have an estate plan in place. Wills, trusts, and advanced directives protect your assets, your family, and yourself. However, creating an estate plan is only the first step in the process. You must also make certain...
Include these 3 components in a simple estate plan
Like many others in Ohio, you may have neglected to make an estate plan up until this point for whatever reason. You may have had concerns about the time or cost involved in creating one, or you may have felt as if you did not have enough assets until recently to...
What can a trust accomplish that a will cannot?
Having an Ohio estate plan put together helps you accomplish many important objectives. For example, having a will in your estate plan gives you a way to decide who you want to inherit your legacy and assets once you die. However, there are limits to what you might be...
How can you maximize assets for heirs?
When you spend so much time working for the assets in your possession, it makes sense to feel pride over how much you are able to leave behind for your loved ones after your death. In fact, this is a major reason why people begin looking into estate plans. It is...
What is a power of attorney and why do you need it
Planning for the unthinkable is a crucial part of keeping your family financially stable during a turbulent time. However, your estate plan should also include documents that help you in times of need. A power of attorney is the appointment of a person to speak for...
