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...
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...
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...
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...
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...
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...
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,...
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...
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...
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...