In Ohio, it is a good idea for a person to have a will to ensure they are fully prepared for the future. This is true for older people, but it is also imperative for those who might not believe it is urgent to create even a basic estate plan. Those who are relatively...
In Ohio, a person may choose to create a trust instead of a will. It's helpful to understand the requirements and benefits of this option. Trust requirements The person who is creating the trust must be at least 18 years old, have the intent to make an estate plan and...
Estate planning includes creating a will or trust, as well as other supporting documents. One of these important documents is a power of attorney. A power of attorney gives a person, called an agent, authority to make financial decisions on behalf of the person who...
If you live in a condominium or another type of home that is part of an association, in all likelihood, there is a homeowner's association, or HOA, associated with it. The HOA has rules that it makes sure that everyone who lives in that complex follows those rules. As...
Many people believe that when they create a will, it will be administered after their death and their estate will be closed without issue. Unfortunately, situations can arise where the will is contested by the beneficiaries, a family member, or by another person who...
If you have children, you may want to make sure that they are properly cared for, financially and otherwise, if you pass away. Many parents want to set aside money for their child to inherit but are concerned that the child will receive this large sum of money without...
Creating a will can address the key issues in an Ohio resident’s life and their estate. However, there are frequent disputes over wills after the person who wrote the will – the testator – has died. Trying to avoid them is imperative from the outset. What must be done...
Family dynamics can present a unique challenge in the estate planning process. This is especially true for those who are in a blended family. After all, while you might be concerned about supporting your spouse and the children you have together, your spouse may not...
Farmers are oftentimes thought of as humble, honest and hardworking people. They’re not often associated with large estates and massive amounts of wealth. But the truth of the matter is that many farmers in Ohio have a lot of value attached to their land, their...
If you have an estate plan in Ohio, you may have designated a guardian for your minor children or for yourself in case of incapacity. Guardianship designations are important to ensure that your wishes are respected and that your loved ones are protected. However, life...