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,...
Estate Planning
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...
Understanding probate, when it is necessary and how to avoid it
Certain things will trigger an image or an opinion. Often, when you hear the word probate, you immediately think of avoidance. While probate does not have a positive reputation, it is a reality that many individuals and families will have to face. As such, it is...
Creating an estate plan unique to your needs and wishes
For many individuals in Ohio, their financial wellbeing is paramount and the basis for many daily and year decisions. As such, protecting their finances, property and other assets is often the purpose and goal for creating an estate plan. Whether you are young or old,...
Estate plans and potential pitfalls of trusts
Whether it is small scale or large scale, many individuals in Ohio and elsewhere plan and prepare for the future each year. Maybe, you seek to protect your assets. Possibly, you just inherited valuable property. Perhaps, you were recently diagnosed with a serious...
Part 1: probate administration in Ohio
The person who administers your estate in probate and after your death in our state is your executor. You name this person in you Ohio will, and it is someone whom you trust to carry out your wishes after you pass. Sometimes, it is your estate planning attorney, a...
Know these indications that the fiduciary duty has been breached
If you’re a beneficiary of a trust, you have expectations as far as how the assets within the trust should be managed and how assets should be disbursed. Your loved one who named you as a beneficiary probably had similar ideas. But the reality is that the trustee who...
Two good reasons to review your estate plan in 2023
Some situations warrant a re-examination of your estate plan. How did your life change in 2022? If you married or had children, you will naturally want to ensure they are included in your will, trust and life insurance policy. Or, if you divorced you likely do not...
Estate planning can be a gift for loved ones
It is understandable when Ohio residents think of estate planning as overwhelming. For those who are just getting started on the task, it can certainly seem daunting to have so many different options to consider. However, your estate plan will be specific to your...
What if a child was born or adopted after a will was executed?
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....