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...
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Estate Planning
Testamentary trusts to protect your children in Ohio
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...
Recognize and avoid mistakes that can render your will invalid
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...
Three estate planning options if you’re in a blended family
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...
What you need to know about farm succession and estate planning
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...
Can I change the guardianship designation in my will?
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...
What do you need to include in your will?
The estate planning process is complicated. That’s one reason why many individuals end up putting off the process until it’s too late. This procrastination is dangerous, as it can leave your estate subject to the state’s intestate succession laws, which could...
Is an oral will valid in Ohio?
Ohio residents are wise to think about their estate planning needs early. This can help them with organizing how they want their property distributed, deciding on various issues like a business and being fully prepared for the future. However, not everyone thinks that...
Can you include your digital assets in your estate plan?
Digital assets are any online account or file that you own or have access to, such as email, social media, cloud storage, cryptocurrency, etc. These assets may have financial, sentimental or personal value to you and your heirs. However, unlike physical assets,...
Can I change my power of attorney?
It is a good idea to have a power of attorney as part of your Ohio estate plan. A power of attorney allows someone to make major decisions for you, such as medical or financial decisions, if you become incapacitated. The person you choose to be your power of attorney...