As the parent of a child with special needs or a relative of a person with a disability, you need to understand the benefits of supplemental (special) needs trusts. Your estate plans may seem like they are comprehensive enough to provide for your adult child or family...
Ohio residents like you put time and effort into building up your estate. The estate plan is of equal importance and it makes sense that you prioritize it, too. After all, your estate plan determines how your estate gets handled after your death. Because of that, you...
A comprehensive estate plan is good for you and your heirs. While your plan may include other items, four documents are a good place to start. After completing your plan, you must find the right place to store the documents. Even though many places may work, the...
Probate courts in Ohio follow steps similar to what occurs elsewhere in the United States. The reading of a will reveals "who gets what" while also revealing the executor of the estate. Any person who finds themselves named the executor must become aware of the duties...
Many people in Ohio think they do not need an estate plan when they do not have extensive financial assets to protect, but the truth is that everyone needs some form of estate plan because of family impact. There are three basic approaches to establishing an effective...
Estate planning involves extra considerations when you are the parent of a child with special needs. If you are not careful when creating your estate plan, you risk having the assets you leave behind disqualify your child from receiving certain need-based government...
Estate administrators in Ohio and elsewhere have a fiduciary responsibility to the beneficiaries of the estates that they oversee. If an administrator fails to act in a beneficiary's best interest, it may be possible to have that person removed from his or her...
When it comes to estate planning, you do not want to plan once and then never look at your plan again. Instead, your estate plan needs to grow and change as you grow and change. According to Forbes, there are ways to tell if you need a modified estate plan. Estate...
Sometimes couples decide it is best not to entangle themselves legally and financially. One person may have poor finances that would negatively affect the other person when applying for a loan, especially a mortgage. Similarly, one partner’s poor health or terrible...
As Ohio residents make plans for their estates after they die, many take advantage of the benefits of a living trust. Investopedia defines a living trust as a fiduciary relationship where a trustee is chosen during the person’s lifetime and is given the task of...
