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If you are an Ohio resident who is doing your estate planning, one basic document you will need to draft is your will. Every adult should have at least this basic document to direct how they desire their estate to be distributed. However, wills are legal documents,...
Life is full of twists and turns. You may envision a long and healthy life, but sometimes, things don't always go as planned. A sudden illness or an accident can leave you incapacitated and unable to make independent decisions. Picture a car crash that leaves you in a...
A will is one of the most crucial legal documents you can ever execute. With one in place, you can rest easy knowing that your hard-earned wealth will pass down to the rightful people and causes when you die. If you die without one in place, on the other hand, the...
An estate plan shouldn’t be made and forgotten. Because life is always changing, the testator may need to consider updating their estate plan regularly. However, there may be times when an estate plan needs to be altered sooner rather than later. Here’s when: 1....
A medical power of attorney allows you to choose an agent who can act on your behalf. You give this agent the legal power to make medical decisions for you. This is useful if you’ve been incapacitated and can no longer communicate your wishes. That being said, most...
Estate planning is the process surrounding what happens to your assets upon your death. There is also much more to it, such as naming guardians for your children and ensuring that your healthcare needs are met in the event you become incapacitated. One of the key...
There are several parties that testators need to identify by name in their estate planning documents. The executor or representative who will handle estate administration is often selected specifically by the testator, and naming the right person for this role...
When you set up a trust, you may decide that you have a goal that you want to accomplish, and you can focus that trust directly on your goal. For example, maybe you know that the cost of college tuition can be prohibitive for many young people and you want to make...
Creating a will and estate plan is the responsible step to ensure your loved ones are taken care of after you pass away. However, even if you spend weeks figuring out the best way to divide your assets and plan your estate, all this is worthless if you do not select...
Much of the estate planning process revolves around property and finances. A will dictates who will benefit from your hard-earned savings and assets upon your incapacitation. However, there is much more to the process than money. For instance, you can give written...