Who should be the executor of your will? There may not be many people quickly raising their hands to volunteer for this time-consuming and often thankless position. This is why you must prepare, research and take careful consideration for this crucial role in estate...
Year: 2021
How can you improve municipal contracts?
Given that municipalities in Ohio involve a community's well-being, municipal contracts play a considerable role in community development. Making sure that your municipal agreements meet the expectations of everyone involved is an ongoing process. Knowing some...
Understanding Ohio Sunshine Laws
The public has a right to hear and learn what goes on in their government. However, sometimes local, state and federal governments do not provide the transparency that their constituents deserve. The state of Ohio has passed two laws to help combat this issue. Known...
Steps that increase your chance to leave a financial legacy
It is no secret that many people wish to leave a financial legacy to their family after they pass on. This is true for both wealthy couples as well as for those with modest incomes. By following a few proven strategies, you can increase your chance of having a...
Which estate planning documents should you consider?
Many people without an estate plan do not know what to include. After all, there are various strategies that individuals can use when planning what happens to their assets after they die. AARP has a few estate planning documents they believe all families should...
Why and how to change a living will
Some people have strong opinions about what medical treatments they would like to receive, or do not want to receive, in the event that they become incapacitated. A living will is a helpful estate planning document by which a person can express his or her wishes in...
When you only have real estate, how do you avoid probate?
As someone tackling estate planning, the only asset you have is real estate. How do you shift ownership of your property to beneficiaries without undue financial hardship? SFGate explains how to sidestep probate when you only have real estate in Ohio. Help your heirs...
3 important reasons to update your estate plan
Many individuals will take the time to develop a comprehensive estate plan and then avoid revising it when necessary. While most experts agree that all the estate planning documents should be reviewed every three to five years to identify necessary changes, there are...
Advance directives: What happens if you become incapacitated?
An Ohio estate plan can ensure your beneficiaries receive your assets according to your wishes after you pass away. Another benefit is that you can use it for documenting your preferences for end-of-life care. According to the Ohio Hospital Association, advance...
Facts about probate
If a loved one died and you are wondering what happens next, you should understand how the probate process works. Depending on the size of the estate, there may not even be a probate requirement. For larger estates, although the judge oversees probate, the person who...