Gray divorce and estate planning have intertwined considerations that will most likely impact an adult child. For long-term couples divorcing at 50 or older, their children may have long left the marital nest. While child custody, support or visitation may no longer...
Estate Planning
When do you need to update your estate plan?
Estate planning is a vital task that helps you make sure your assets go where you want them to after your passing. But creating an estate plan is not a one-time task; it is something you need to revisit and update occasionally. As your life changes, so do your...
Financial considerations for Medicaid planning in Ohio
When the stakes are highest, planning proves paramount. If you or a loved one ends up in a particularly vulnerable condition at any point in life, you may realize how crucial it is to have come prepared than be completely defenseless. The Medicaid program has federal...
How can I avoid probate in Ohio?
Death is inevitable, yet for some reason, it always seems to catch us off guard. When a person dies, their estate will be subject to probate, even if they died testate or with a will. Probate is the process of accessing and identifying a deceased person’s estate and...
The importance of a healthcare power of attorney
A healthcare power of attorney is a legal document that names an agent that has the authority to make medical decisions for you in the event you experience physical or mental incapacitation. Without a POA, you put the decision-making in the hands of others, and they...
Can a trust add value to your estate plan?
Hashing out a comprehensive and effective estate plan is achievable if you consider the totality of the situation. Asking yourself some simple questions can help you determine what tools will prove more effective, including trust accounts. Consider these questions and...
Why you should have a will regardless of your life stage
Most adults are familiar with the purpose of a will and estate plan, but some people fail to recognize when the time is right to establish one. Many people dismiss the idea as something they only need to worry about after retirement, but that is not the case. Here are...
The advantages of durable powers of attorney in your estate plan
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...
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...