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...
Estate Planning
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...
How can you talk to your adult children about asset division?
You know how you want to divide your assets among your adult children, but you have not yet told your beneficiaries and heirs what they should expect for their inheritance. How do you overcome this obstacle? Kiplinger provides tips for talking to your kids about money...
Estate planning: Joint ownership does not replace a will
Joint ownership of property doesn't always address all the issues when one spouse dies. That's why it is so important for Ohio residents to make sure they have all the documents they need during their estate planning. Joint property is not a replacement for a will...
Which estate planning myths should I avoid?
There are many factors involved in creating a solid estate plan. The process can become quite complex depending on how much property you own or how many assets you have. Complications can also arise because of family. If your loved ones dispute the provisions in your...