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...
Ohio’s Revised Code requires the executor named in a will to notify the named heirs and creditors when the will’s creator dies. As noted on the Ohio.gov website, executors must send written notices within six months of the death. Unpaid creditors may file claims with...
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...
When it comes to ensuring transparency and accountability in government operations, Ohio's sunshine laws play a pivotal role. These laws, also known as open records and open meetings laws, grant citizens the right to access public records and attend public meetings,...
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,...
In the business world, the classification of workers plays a pivotal role in determining a range of responsibilities for employers, including tax liabilities, benefits and workers' compensation. Ohio, as in the rest of the country, classifies workers as either...
Closing an estate takes time and requires patience and attention to detail. Agreeing to oversee this process is not something you should do unless you understand the scope of your responsibilities. Knowing what to consider about this role can help you make an informed...
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...
