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...
Estate Planning
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...
Is dinner a good time to discuss death?
It might surprise you to hear that as more people get comfortable with the idea of discussing their end-of-life plans, they are taking to hosting dinner celebrations to broach the topic. Dinner is not usually a thing you would associate with discussions about death,...
What are the two types of a living trust?
The majority of Americans understand the function of a last will and testament, even if they do not have one themselves. However, the function of living trusts in a complete estate planning package is often a mystery. The reality is that living trusts can help your...
How wills and irrevocable trusts differ
When you work on your Ohio estate plan, you may want to use several estate planning tools and methods to maintain control over certain affairs and maximize how much you have to leave behind for your loved ones. When transferring assets to loved ones, you may want to...
