Creating an estate plan is necessary if you want to effectively leave your assets to your loved ones and protect your healthcare and financial interests in the event of incapacitation. Yet, if your estate plan is going to ruffle feathers, then you should anticipate an...
Protecting a home is a priority for many Ohio residents when setting up an estate plan. A home is typically the largest asset in an estate. As you get older, you may realize you need to decide what will happen to your home after you pass away. Most people want their...
When you pass away, not all property goes through the probate process. Some assets transfer directly to beneficiaries and avoid probate. If you are starting or updating your estate plan, it is important to understand the difference between probate and non-probate...
If you do not want someone to receive a portion of your estate after you pass away, such as a child or other family member, you may believe it is as simple as leaving them out of your bill. However, disinheriting a family member is not that simple. There are many...
An executor of a will is someone who manages the estate of a person who passes away. An executor is typically appointed in the will by the deceased person. Serving as an executor involves responsibility, organization and planning. The executor must gather and...
A lot of the estate planning process is focused on the distribution of assets. While that’s certainly a major aspect of estate planning, it’s only part of what you need to consider as you plan for the future. For example, a significant portion of the population will...
Estate planning can be more complicated when you own a business. In addition to having a plan for your personal assets, your estate plan determines what happens to your business after you pass away. For example, you must decide if you would like to sell your business...
When an individual passes away, someone has to deal with their estate. Oftentimes this is a loved one who has been named by the now deceased individual as the estate’s executor. It’s a big obligation, and an honorable one. Yet, the stress associated with the position...
You may view the Ohio probate process as complicated or daunting. This often comes from unfamiliarity with the process. Probate is the process of distributing assets and paying debts after someone passes away without a will. This is done according to Ohio state law....
Unfortunately, when an Ohioan has done well for themselves, there are many people who are more than willing to try to seize that wealth through deceit and manipulation. As people get older and more vulnerable, tricking them in to giving up their wealth can get...