And a state plan sounds like something that only wealthy people need to pass on millions of dollars in money and assets to their beneficiaries when they die. It is true that estate planning can benefit wealthy individuals, but what can it do for everyone else? The...
Month: February 2021
Why should your executor be empathetic?
Having an estate plan is a great start to protecting your assets and the well-being of those you care about. However, choosing someone to be your executor is equally as important if you want to guarantee that your plan unfolds the way you envision. Thinking carefully...
Contracts for municipal collaborations
Occasionally, two municipal corporations in Ohio may decide to collaborate to manage or construct a facility. In this situation, both corporations need to draft a contract so that this agreement is legally binding. According to the Ohio Revised Code, municipal...
What are special needs trusts?
As the parent of a child with special needs or a relative of a person with a disability, you need to understand the benefits of supplemental (special) needs trusts. Your estate plans may seem like they are comprehensive enough to provide for your adult child or family...