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...
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...
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...
An Ohio estate plan helps you maintain control over your financial, personal and medical affairs, letting you dictate where you want your assets to go, who you want to oversee your estate and more. However, many people neglect to create estate plans, meaning they...
When you select an executor for your estate, you may focus primarily on picking someone who you feel you can trust. However, that should only be one part of your criteria. After all, this is a complex role that requires a lot of a person. Managing the funeral...
It can be virtually impossible for individuals who have serious disabilities to work. Luckily, both the State of Ohio and the federal government offer valuable benefits to many low-income individuals who cannot support themselves. According to the U.S. Census Bureau,...
Writing a will is a major achievement that most Americans never get around to completing. In fact, according to reporting from CNBC, as many as 67% of adults in the U.S. do not have even a basic last will and testament. While it might be tempting to show off your...
Whether you want to set up a special needs trust on your own behalf or for a loved one who has a disability, it is very important to understand the requirements. A special needs trust could offer various perks. Aside from peace of mind, this estate planning strategy...
When you have put considerable thought and effort into estate planning, it is important to ensure that your plans continue to serve your practical needs. Periodically reviewing the provisions that you have made will enable you to plan ahead judiciously. Here are a few...
There is a loneliness epidemic among older adults in the U.S. In fact, according to Science of People, as many as 30% of older adults feel lonely. More alarmingly, almost 60% of Americans say they have no person in their lives who knows them well. Loneliness is...
