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Powers of attorney are documents that people create but intensely hope that they will never need to actually use. After all, a power of attorney only transfers authority to your agent or attorney when you are incapacitated and can no longer act on your own behalf....
Creating an estate plan is a smart way to protect yourself and your family when you pass away. Several documents make up the estate plan, including wills and trusts. Some people believe that with a trust, a will is unnecessary. However, trusts are limited in what...
Creating an estate plan is one of the most important things you can do for yourself and your loved ones. But when should you actually get around to doing it? This can be a difficult question to answer, but there are some general guidelines you can follow. Significant...
If you have not yet made an estate plan, you should make it a priority. You cannot know when you will fall ill or die, and estate plans put provisions in place for both these events. Understanding where to start puts many people off. Consider these three documents as...
Losing a member of your immediate family is a tragic experience, and certain issues might make the tragedy even worse. For example, your parent recently died and they always stated that they would divide their property evenly among you and your siblings, it would be a...
When a person dies, the individual appointed to administer their estate will step up and get started on the process. While this often involves dealing with distributing assets according to a will, there’s also the issue of handling any unpaid debt. It leaves...
Some individuals create wills to leave property, heirlooms or money in good hands. According to the Ohio Revised Code Chapter 2107, a person has to be 18 or older to make a will, be of sound mind and have at least two adult witnesses present upon signing the will. ...
The trail you leave behind after you are gone is vital, especially if you care about your legacy. If you are fortunate enough to accumulate wealth, starting a charitable trust can help you share your wealth beyond the people closest to you. But what is a charitable...
If you’ve just inherited a substantial amount of money or other assets from a parent or other elderly loved one, it can be disconcerting. You may have had no idea, given their frugal lifestyle, that they had so much money saved. It’s normal to have a lot of emotions...
Creating a will is an important step toward ensuring that your hard-earned assets will be distributed according to your wishes when you pass on. Without a valid will in place, your estate might be distributed as provided by Ohio intestacy laws. However, you need your...