As people in Ohio become more deeply engaged in the estate planning process, they quickly realize that one of its primary goals is to help preserve assets for their beneficiaries. However, many likely assume that there are some estate-related expenses that one cannot...
Estate Planning
Who should you appoint as a guardian?
Once you have children, you should develop a plan for their care after your death. The first step in doing so is deciding who you should name as a guardian. Part of your estate plan should include a will. This document serves many functions, including naming a...
Who should be your health care agent?
It can be easy to take your excellent health for granted. After all, even if you have never been seriously ill during your life, your luck eventually may run out. If an illness or injury makes it impossible for you to make your own health care decisions, you probably...
As your life changes, so should your will
Having a will is an essential part of an estate plan. In doing so, you deserve applause for your foresight. After all, many Americans remain skittish about their mortality and fail to create an estate plan. However, you must understand that an estate evolves. And with...
Does your estate plan protect you?
You create an estate plan to disseminate your items after your death. While this is true, a comprehensive plan should also include provisions that protect you when you need it. During a planning session, you should consider provisions that come into play when you do...
Could sibling rivalry lead to probate litigation?
Sibling rivalry comes in all shapes and sizes, with some rivalries spiraling wildly out of control and others staying at a relatively peaceable level. Unfortunately, when you add fraught emotions and money into the mix, even the mildest of rivalries can ignite into...
What traits should you look for while choosing an executor?
Estate planning, which can involve describing how you want to divide your assets after your death, can leave you thinking about who you want making certain decisions. Learning about the traits that a good executor should have can help you make a choice. Trustworthy...
How can you avoid common estate planning mistakes?
You probably already know how important it is to have a solid estate plan in place in case the unthinkable happens. An estate plan safeguards your assets, but it also makes life easier for your family after you are gone. Along with initially implementing a plan, you...
How do you choose a trustee for your special needs trust?
If you are the parent of a child who has a disability, setting up a special needs trust may be an important part of your overall estate plan. This type of trust holds funds for the benefit of your son or daughter without causing him or her to lose eligibility for...
What should your estate plan include?
Regardless of your age or level of wealth, you must have an estate plan in place. Estate planning protects your assets, but it also protects you and your family members. While will creations are a crucial aspect of protecting your assets, here are a few more estate...