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...
Estate Planning
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...
Who gets legal custody of my kids if I die?
Younger people tend to put off planning their estates, thinking that this is something they will need to think about only when they were older. However, there are many good reasons for all adults to have an estate plan at any age. For parents who have young children,...
You may be able to fight an unfair trust
Many of our readers may have heard that trusts help a family avoid probate. This is true in that property held in Ohio trusts do not go through the normal estate administration process. Indeed, trusts are extremely powerful estate planning tools that can withstand...
Financial power of attorneys can be essential to estate planning
While we would like to think that we are going to stay healthy forever, it is important to prepare for worst-case scenarios. For many people, one of these scenarios is no longer being able to make decisions for themselves due to incapacitation. Many medical...
