Planning for potential future incapacity or disability is an essential aspect of a comprehensive estate plan. Taking proactive steps can ensure that the execution of your estate plan is according to your preferences. Appointing a durable power of attorney A durable...
Probate is the legal process of administering a deceased person's estate. It can include the validation of the will, paying debts, and distributing assets to beneficiaries. While probate can be time-consuming and costly, several strategies can help you avoid or...
Illegal fund use is a big concern for municipalities in Ohio. Protecting public funds is important to maintain trust and integrity. Here are some ways municipalities can protect against illegal fund use. Implement strong internal controls Setting up strong internal...
An art collection can be one of the most valuable assets in Ohio. You can preserve and pass on this art collection in your estate plan. However, you must integrate your art collection into your estate planning carefully. Document and appraise your collection Create a...
Zoning laws play a crucial role in urban planning, influencing how cities and towns grow and change. These regulations dictate land use, determining what you can build and where. Understanding zoning laws can help you make informed decisions about property development...
Being named the executor of an estate is a big responsibility. One of the most important tasks you'll face is dealing with the deceased's creditors, which are people or businesses to whom money is owed. Understanding how to handle creditors will help you fulfill your...
Estate planning isn't just for the wealthy. It's about ensuring your loved ones understand your wishes and carry them out after you're gone. Whether you are just starting your estate plan or are going to review an existing one, it is important to know which key...
Having an estate plan is important to ensure the distribution of your assets according to your wishes. There are two common ways to do this: a will or a trust. What is a will? According to CNBC, 67% percent of Americans do not have an estate plan. A will is a legal...
When it comes to estates, fiduciary duties are a way to make sure that assets get into the right hands. These are important rules executors follow to make sure everything happens properly. However, sometimes people do not follow these rules, leading to breaches and...
A will can be an effective tool for relaying end-of-life instructions and decisions, making it a valuable component of an estate plan. This document can help the decedent express their wishes concerning their estate, such as asset distribution and other wishes....
