When Ohio residents talk about wanting to avoid probate, they may be referring not so much to the almost inevitable time and effort it takes to settle their loved one’s financial affairs after they die. Instead, they may have in mind the nightmare scenarios of...
Estate Planning
Can you replace a named trustee?
You might breathe a sigh of relief when you finally create your estate plan. But you can’t simply sleep on your estate plan without revisiting it from time-to-time. If you neglect your estate plan, then circumstances can change, rendering your estate plan...
Can estate planning help you qualify for Medicaid?
Part of the estate planning process should focus on what will happen to you if you become incapacitated or need long-term care. Many people overlook this step, which can leave them and their family in a difficult spot if additional care is needed. While you can...
5 life events that may warrant an update to your will
Life moves fast and your legal documents should keep up. Many people draft a will and then forget it, assuming it is permanent. However, major life events change your financial status and family structure. This can potentially render your existing will outdated or...
Why do people delay in creating an estate plan?
Estate planning is important for many reasons. Amongst them is that it can protect your estate’s assets, set your loved ones up for the success that you envision for them and ensure that asset distribution goes according to your plan. Yet far too many people put off...
Is a codicil sufficient to make minor updates to a will?
Creating an estate plan is a strategy for being prepared for the future. However, as time passes and circumstances change, you might need to make updates to your will. In some cases, the updates are minor and do not warrant writing a whole new will. This is when a...
Should you use an ethical will in your estate plan?
Many people struggle with the estate planning process. Sometimes it’s because it requires contemplating your own death, but in other instances estate planning is delayed simply because the idea of distributing your assets can seem cold and, to some, meaningless. While...
Characteristics to look for when choosing an estate executor
One you pass away, your estate’s executor will be tasked with carrying out several duties. These include paying the estate’s bills and taxes, maintaining contact with creditors and beneficiaries, distributing assets and much more. It’s a big job that can prove...
Must an estate go through probate?
When you estate plan, you are hoping to avoid many of the pitfalls of not estate planning, and one of those pitfalls is the probate process. The probate process is seen as a pitfall because it can devolve into a contentious litigation process, but if there is a will...
How using AI for estate planning can prove disastrous
Artificial intelligence (AI) is working its way into our daily lives. While you can turn to something like ChatGPT to help you create vacation itineraries or write a thank you letter, a lot of people wonder if these AI systems can even help them with their legal...
