Long-term elder care is a mounting expense for many people across the country. There are various options, but it seems that none of them are cheap. This is leading many people to integrate nursing care into their estate planning strategy. However, before that happens,...
Estate Planning
Tips to avoid a will contest in Ohio
One of the most important goals of estate planning is to carry out your wishes after you pass away. This is why creating a will is so important. However, there is always the risk that someone contests your will. According to O.R.C. 2107.76, a person has three months...
What is advanced care planning?
Discussing a future where you can no longer make decisions for yourself is never easy for your loved ones, and you might also feel uncomfortable about approaching the topic of advanced care planning as well. However, having a plan in place can remove the burden of...
Benefits of a codicil to your will
People benefit from having a will, no matter their age. It is a useful document to have around in case of anything unexpected. However, as the years pass, you may also change or add more to your estate. Family and friends come and go and your priorities change. When...
3 ways to avoid a contested will
Few people know when their end of life will come, which makes estate planning a vital tool in ensuring that what you have built goes where you want. According to a Caring.com study, only 33% of Americans have a will or trust in place. If you can count yourself in that...
What does a funeral trust do?
If you have a loved one who is nearing the end of his or her life, you already may be worrying about paying for a funeral. After all, according to World Population Review, the average cost of a funeral in the U.S. is between $7,000 and $9,000. You can spend...
What information should you give your heirs?
Naming heirs is a critical aspect of planning your estate. When you formally name people in your legal documents, you can control who receives your assets. Should your heirs know about your plan? Are there aspects of your strategy that you should share with them?...
Types of long-term care for you to consider
Whether you are navigating through the options for yourself or an aging loved one, it is important to understand the reality of long-term care. There are a few key options that may fit your situation best. Preparing for this need ahead of time may help you learn more...
What costs go into a funeral?
When a family loses a loved one, locating the costs of a funeral may exacerbate stress and grief. One way to avoid that emotional and financial hurdle is to take care of it beforehand. Estate planning is for everyone, no matter their age, and when considering ways of...
Estate plans may include instructions for paying debts
Under Ohio’s Revised Code, creditors have six months to file claims against the deceased’s estate to collect outstanding balances. As noted by the Codes.Ohio.gov website, secured and unsecured creditors may present their claims to the executor or administrator...