A revocable living trust can play a significant role in an estate plan, offering flexibility and control over assets during a person’s lifetime and after their death. Understanding its advantages and limitations helps determine if it aligns with your estate planning...
A Spousal Lifetime Access Trust (SLAT) is an estate planning tool that helps married couples transfer wealth while maintaining some access to the funds. SLATs have grown in popularity, especially with potential changes to estate tax exemptions on the horizon....
Planning for pets' future care can be just as important as planning for family members. When an owner passes away, a pet trust can offer a reliable solution to ensure pets receive proper care and attention. Creating a pet trust allows an owner to set aside funds and...
Estate planning is important for any family, but it becomes especially beneficial in blended families. Multi-generational planning takes into account both immediate heirs and future generations, which ensures everyone gets taken care of fairly. Understanding the needs...
Planning your estate includes considering all your assets, including vehicles. In Ohio, a Transfer on Death (TOD) designation can help manage the transfer of vehicle ownership upon death. Understanding this type of designation can help you make informed decisions...
Planning for potential future incapacity or disability is an essential aspect of a comprehensive estate plan. Taking proactive steps can ensure that the execution of your estate plan is according to your preferences. Appointing a durable power of attorney A durable...
An art collection can be one of the most valuable assets in Ohio. You can preserve and pass on this art collection in your estate plan. However, you must integrate your art collection into your estate planning carefully. Document and appraise your collection Create a...
Estate planning isn't just for the wealthy. It's about ensuring your loved ones understand your wishes and carry them out after you're gone. Whether you are just starting your estate plan or are going to review an existing one, it is important to know which key...
Having an estate plan is important to ensure the distribution of your assets according to your wishes. There are two common ways to do this: a will or a trust. What is a will? According to CNBC, 67% percent of Americans do not have an estate plan. A will is a legal...
A will can be an effective tool for relaying end-of-life instructions and decisions, making it a valuable component of an estate plan. This document can help the decedent express their wishes concerning their estate, such as asset distribution and other wishes....
