On Behalf of Kroener Hale Law Firm | Apr 18, 2022 | Probate, Trust & Estate Administration
Advantages of creating a trust include protecting your property from creditors. If you create a revocable or “living” trust, however, creditors may seek payment for unpaid debts, as explained by Experian.com. Creditors, for example, may sue you while you are alive or...
On Behalf of Kroener Hale Law Firm | Mar 10, 2022 | Probate, Trust & Estate Administration
After a loved one chose you to administer a trust, you researched the role and all its responsibilities. Just as you may have your questions, so do other estate executors. The American Bar Association shares common trust administration questions. When you have the...
On Behalf of Kroener Hale Law Firm | Jan 31, 2022 | Probate, Trust & Estate Administration
Choosing an executor for your estate is a huge decision. You will probably take a lot of time and put a large amount of thought into making your choice. The idea that the court could remove and replace your executor may seem upsetting, but you can relax. The Ohio...
On Behalf of Kroener Hale Law Firm | Dec 12, 2021 | Probate, Trust & Estate Administration
By establishing a trust, your heirs could avoid probate court when they receive the property you intended for them. To prevent legal issues, however, those assets need to transfer to your trust before you die. As noted by Ohio State University, properties that do not...
On Behalf of Kroener Hale Law Firm | Nov 4, 2021 | Probate, Trust & Estate Administration
Probate is the process that occurs after someone dies. The decision to go through probate depends on the value of the decedent’s estate. One of the first steps in the probate process is to appoint a personal representative if the will had not named one. This...
On Behalf of Kroener Hale Law Firm | Oct 8, 2021 | Probate, Trust & Estate Administration
Setting up a trust may benefit your family by bypassing probate, plus you may exert greater control over how your relatives spend an inheritance. However, you still have to place a great deal of power in a trustee. If your trustee is trustworthy and competent, you...
On Behalf of Kroener Hale Law Firm | Sep 24, 2021 | Probate, Trust & Estate Administration
A trust allows Ohio residents to control how beneficiaries receive their portion of a deceased’s estate. It can also help sidestep probate costs and eliminate the need to work with the court for the transfer of wealth. Although you may name anyone over the age of 18...
On Behalf of Kroener Hale Law Firm | Sep 1, 2021 | Probate, Trust & Estate Administration
Probate is a necessary and often useful legal process that ensures the heirs named in your will receive their inheritances and that the ownership of any property passes to others in a way that prevents legal entanglements. You may believe that a living trust can help...
On Behalf of Kroener Hale Law Firm | Aug 13, 2021 | Probate, Trust & Estate Administration
When you include a living trust in your estate plan, you may transfer property to or from that trust during your lifetime. As noted by SmartAsset.com, a living trust may hold real estate assets while your named beneficiaries receive income from them. A living trust,...
On Behalf of Kroener Hale Law Firm | Jul 7, 2021 | Probate, Trust & Estate Administration
As part of an estate plan, a trust gives you more freedom and flexibility in bequeathing your property to others. When you create a trust, you also have to choose the person who will be in charge of administering it. That person is the trustee. The job of the trustee...
