When an estate plan is created in Ohio, it is often outdated very quickly. People who have a will might have a certain family situation, work at a specific job, own a limited amount of property and experience radical changes in the aftermath of executing the document....
Estate Planning
Trusts are not the only way to bypass probate in Ohio
You may have heard that the probate process in Hamilton can be a real hassle. There are many steps that must be taken in the probate process. This means probate can take months or even years to complete. You may think that you must put your assets in a trust in order...
Not all assets have to go through probate in Ohio
Probate in Ohio is the legal process followed after you die where your assets are collected, debts and taxes paid, heirs identified and finally, your assets are distributed per the terms or your will or state law if you did not leave a will. Probate can take months to...
Do I need to change my will If I have gotten divorced in Ohio?
When creating a will in Ohio, it is natural to think about current circumstances and believe they are going to stay the same for the duration. For example, a person might write a will without the expectation that they are going to have a child or more children. They...
What are the responsibilities of a power of attorney?
Ohio estate plans often require choosing someone to have power of attorney to handle your financial and medical affairs. A power of attorney is a legal document which essentially requires you to choose someone to make important decisions for you, if you were to become...
How to save loved ones from a probate headache by planning ahead
While estate planning is largely about trying to figure out how to pass your wealth onto your loved ones and protecting your financial and healthcare decisions in the event that you become incapacitated, it’s also about protecting your family’s relationships and the...
What are valid reasons to challenge a will?
Wills are very important documents for Ohio to ensure that people’s property ends up with the loved ones that they want to have it. These are drafted during people’s lifetimes and not executed until after they die. At that time what happens to their wills is out of...
What is necessary to set up a trust in Ohio?
As you age, you think more about what you want to pass down to your loved ones. The older you get, the more assets you will accumulate, some valuable and some sentimental. One of the estate-planning tools that you may not think about too often is setting up a trust....
Do I need an incapacity plan?
If you have not made an estate plan yet, you are not alone. According to Caring.com as of last year, two-thirds of us still have not even made a will. Even those who have planned their estates may not have made an incapacity plan. Without such a plan, you and your...
What are the differences between a will and a trust?
When people in Ohio begin to think about their passing, they will need to think about many different aspects of their lives. They should start thinking about who will receive their property, but this is just part of the estate planning process. When people plan their...
