One aspect of estate planning that many avoid is preparing their funeral arrangements. Those who fail to handle this duty are making a huge mistake. Nonetheless, millions pass on without incorporating their wishes into legal documents. Here are some reasons why this...
Many people take the time to develop a comprehensive estate plan that focuses only large, valuable assets. The documents of the plan might center on a family business, vacation properties, a vehicle collection or other tremendously valuable assets. Unfortunately, in...
An Ohio resident embarking on the estate planning process may quickly realize that several potential liabilities await following their deaths. The cost of probate administration along with the need to settle unpaid debts cuts away at the assets one has to pass on to...
Many adults across Ohio do not yet have estate plans. If you are among them, you may have put it off thinking you do not have enough time or, possibly, enough assets to make it worthwhile. However, an estate plan does more than dictate where your belongings go after...
When creating your estate plan, it is important to understand that this is a time-consuming process. Many people spend months creating a plan that suits their needs, and the more complex your assets are, the longer it will take. You can help eliminate some of the...
Creating an estate plan may feel overwhelming at first, especially when you have a lot of assets to consider. When it comes to your estate plan, you need to account for all of your assets, including any collectibles and art. If you have an art collection, Bank of...
While you may have had a solid estate plan in place prior to your divorce, the circumstances surrounding your ending marriage may force changes to your long-term plan. Refiguring your plan to accommodate your needs will take time and patience. Proactive planning can...
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...
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...
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...
