Estate planning allows you to prepare for any unexpected events that may occur in the future. Every person's estate plan is unique and tailored to their specific goals and circumstances. For instance, a parent will prioritize the well-being and guardianship of their...
estate planning
How to avoid beneficiary designation mistakes
Beneficiary designations are an important aspect of estate planning. When it comes to retirement accounts, life insurance policies and other assets, these designations spell out who should receive funds. Because it is easy to overlook issues affecting beneficiary...
3 reasons to preplan your funeral
When considering your estate plan, it is important to think beyond just financial matters. One aspect often overlooked is funeral preplanning. While it may not be a pleasant topic, including funeral arrangements in your estate plan can bring numerous benefits for both...
Tips for choosing an executor
When it comes to planning for the future, selecting the right executor for your estate is an important decision that requires careful consideration. An executor plays a pivotal role in the handling of your final wishes regarding your estate and your heirs. Because of...
3 grounds for will contestation in Ohio
When people write their wills, they may not think about contestation. However, courts can overturn wills when individuals bring up questions about their legitimacy. There are several grounds on which a person may contest a will in Ohio. 1. Incapacity One primary...
4 benefits of a trust
Estate planning is a thoughtful and strategic process that ensures the distribution of your assets based on your wishes, minimizing potential conflicts and maximizing efficiency. One powerful tool in this arsenal is a trust. While often associated with the affluent,...
How should you choose a potential guardian for your children?
Planning for the future is a huge aspect of responsible parenting, especially when it involves the well-being of your children. In the event of your death, choosing a guardian for your children becomes an important decision. This decision is a key component of your...
The importance of having an estate plan
In the hustle and bustle of daily life, thinking about what will happen to your assets and loved ones after you are gone may not be a top priority. According to CNBC, 67% of Americans do not have an estate plan. There are several compelling reasons why everyone should...
How can you avoid mistakes with beneficiary designations?
If you have a life insurance policy or retirement plan, you must take certain actions when it comes to estate planning. These assets have beneficiary designations that say how much of the asset should go to an heir after you are gone. Because these estate planning...
How to prepare your estate plan
Estate planning is what you do when you want to establish who your assets go to when you die or are otherwise incapacitated. Well-thought-out estate plans ensure that your beneficiaries receive all the assets you want them to have while paying minimal taxes. Here is...