A 2011 survey found that 60 percent of Americans stated that they did not have a will. Ohio residents who are unsure about whether such a document is necessary may want to consider how one may be beneficial. Death can occur unexpectedly and sooner than many...
Month: November 2016
Other costs associated with buying a house
Purchasing a home is among the best ways you can build wealth over time, but there are a lot of expenditures that come into play that extend far beyond a home's listed price. While a listed amount may give you a general idea of what your mortgage payment might look...
Minimizing the risk of probate
Leaving one's estate in the hands of the Ohio court system could have a serious financial impact. Dying without a will leaves little choice because officials must ensure that the assets of a decedent are rightfully distributed to legal heirs. In the process, the...
Challenging a will in Ohio
Successfully challenging a will in Ohio and throughout the country is difficult because courts work on the assumption that the will conveys the wishes of the testator, or creator, and that person is no longer able to express their wishes in any other way. When a will...
The importance of a power of attorney in estate planning
One important aspect of estate planning for Ohio residents may be creating a power of attorney. This allows them to appoint someone to manage their finances in the event they become incapacitated due to an accident, illness or a condition like dementia. However, there...