On behalf of Kroener, Hale & Penick Law Firm | Sep 17, 2019 | Estate Planning
Multiple tools are often needed to plan for end-of-life care and distributing assets in an estate. One such tool is the power of attorney. It’s important for estate owners in Ohio to understand how powers of attorney work. A power of attorney is used when a...
On behalf of Kroener, Hale & Penick Law Firm | Aug 19, 2019 | Estate Planning
Ohio residents are sometimes reluctant to address estate planning issues because it can be difficult for them to contemplate their death. Another issue is the dizzying array of documents involved. Dealing with wills, trusts and powers of attorney can seem daunting to...
On behalf of Kroener, Hale & Penick Law Firm | Jul 25, 2019 | Estate Planning
Many Ohio residents have invested a significant amount in their Individual Retirement Accounts over the years. These kinds of accounts allow people to save for retirement while taking advantage of tax benefits. Some people end up saving so much that their IRA funds...
On behalf of Kroener, Hale & Penick Law Firm | Jun 28, 2019 | Estate Planning
Those who become incapacitated for any reason may not be able to manage their finances. However, Ohio residents and others can create a financial power of attorney to resolve this problem. A financial power of attorney is a person or entity who is allowed to conduct...
On behalf of Kroener, Hale & Penick Law Firm | Jun 10, 2019 | Estate Planning
People in Ohio thinking about the future may want to do their best to ensure that their loved ones are cared for after they are gone. To that end, they may make out a will and develop an estate plan. While people often think about real estate, bank accounts and other...
On behalf of Kroener, Hale & Penick Law Firm | May 14, 2019 | Estate Planning
Many people have misconceptions about estate planning, but an argument can be made that estate planning is part of a comprehensive financial plan. Ohio residents might like to know about some of the myths that often make things complicated when it comes to estate...
On behalf of Kroener, Hale & Penick Law Firm | Apr 3, 2019 | Estate Planning
Some estate owners in Ohio might wonder what type of trust would be best for their particular situations. For example, a special needs trust can be created to provide for a loved one who gets government benefits because of a disability or medical condition. An...
On behalf of Kroener, Hale & Penick Law Firm | Mar 5, 2019 | Estate Planning
Ohio residents who are developing an estate plan should strongly consider including a revocable trust. In addition to allowing an estate to avoid the expense and time of the probate process after the grantor dies, there are several other reasons to create a revocable...
On behalf of Kroener, Hale & Penick Law Firm | Feb 19, 2019 | Estate Planning
Ohio parents often distribute their assets to children through their estate plans, but everyone, including childless or single people, has much to gain from making these final arrangements. All people have a right to declare formally how their money and possessions...
On behalf of Kroener, Hale & Penick Law Firm | Feb 9, 2019 | Estate Planning
Individuals in Ohio and throughout the country may have some of their assets held outside of the United States. However, they should still be accounted for in a person’s overall estate plan. Generally speaking, it is a good idea to consider how an asset can be...
