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...
Ohio residents with assets to their name should start thinking about estate planning, even if they don't own anything of a particularly high value. When a person dies, a probate court typically oversees the distribution of the assets. This process can take years to...
The first step for people in Ohio who are creating an estate plan might be make a list of all assets. A person who has dependents should take steps to ensure they are cared for as a will can be used to appoint a guardian for minor children. People might also want to...
Certain life changes, such as a divorce or the birth of a child, can prompt a change in a person's estate plan. Despite this, people in Ohio and other parts of the country frequently fail to update their estate plan for these and other types of life changes....
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...
Selling parts of a deceased person's estate in Ohio is not as simple as just putting it on the market. There are certain requirements and things that must happen first. It is only once these occur that the property can be sold. The most important thing when it comes...
Many aspects of life require planning ahead; some aspects of death do, too. Estate planning is a way to safeguard your legacy and take care of loved ones after you are gone. However, you may have overlooked one important aspect of estate planning: pre-arranging your...
It is sad but true; financial scam artists target the elderly, often focusing their efforts on those experiencing cognitive decline due to dementia. This abuse can come from other family members, nursing home staff, or strangers that misrepresent themselves to seniors...
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...
