Crafting a solid estate plan is an important step in securing your financial future and ensuring that your loved ones are financially secure when you are no longer around. CNBC states that only 33% of Americans have a strong estate plan. A well-thought-out estate plan...
Estate Planning
Can you change your will?
When it comes to planning for the future, creating a will is a huge step in ensuring that the executor of your will distributes your assets according to your wishes. According to a 2021 Gallup poll, close to half of Americans already have a will in place. However,...
How can you prevent family conflict with your estate?
Estate planning is an important aspect of securing your family's financial future. However, it can also be a potential breeding ground for conflicts among family members. You should approach estate planning with care and sensitivity. You should also take certain steps...
Choosing a power of attorney agent
AARP reported that of people over the age of 72, 83% of them have a power of attorney. When creating this estate document, one of the pivotal decisions is selecting an agent. This individual takes on the important responsibility of ensuring your wishes when you are...
What is the difference between a will and a trust?
In the realm of estate planning in Ohio, two instruments often come into play, which are wills and trusts. While both serve as tools to manage the distribution of assets after one's passing, they differ significantly in their mechanisms and implications. Learning...
Why should you talk to your elderly parents about estate plans?
As your parents age, certain conversations become increasingly important, yet often uncomfortable. Among these discussions, addressing wills and estates ranks high. Engaging in this conversation is important for various reasons that may not seem apparent at first....
How estate planning protects your family
Estate planning may seem like a complicated term, but at its core, it is all about ensuring your family's well-being and financial security after you are gone. In Ohio, effective estate planning offers a safety net for your loved ones. Learn how it shields your...
Is It Time To Review Your Estate Plan?
When you create an estate plan, you cannot simply leave it as-is for the rest of your life. It needs to stay updated in order to reflect your most recent life circumstances. But how do you know when it is time to review your plan? Reviewing after changes in life...
Essential factors when selecting a guardian for an estate plan
Estate planning is a thoughtful and responsible step toward securing a family's financial future. An important part of this process is choosing a guardian who will be responsible for minor children and possibly manage their inherited assets if the worst occurs....
The value of contingent beneficiaries
When it comes to estate planning, beneficiary designation paperwork plays an important role. When you do things correctly, you make things easy for yourself and for your loved ones. Mistakes in this area, on the other hand, could result in headaches and extra fees....