When people in Ohio decide to plan for the future, they may be concerned about how their decisions can affect family relationships years into the future. While people may have heard stories or seen the experience of a family feud over an estate in their own lives,...
Estate Planning
Estate planning for entrepreneurs
For Ohio small business owners, making a will and drawing up an estate plan can be especially important. The issue has been drawn into sharp relief by the death of several legendary musicians with substantial and valuable music catalogs, all of whom died without a...
Estate planning updates are needed upon spousal death
When a spouse passes away, whether in Ohio or elsewhere, the initial legal concerns appropriately lie with administration of the estate for the recently deceased. It is often forgotten, however, that the surviving spouse typically needs an estate planning checkup as...
Estate planning also important for young people
Some Ohio millennials may think that making out a will and other estate planning documents are not important, especially until later in life. In fact, 78 percent of millennial Americans have no will or other estate documents. In general, people don't like to think...
The consequences of not having an estate plan
Ideally, an Ohio resident will have all the necessary estate planning documents in order before they pass awat. Without an estate plan, there can be a lot of uncertainty as to what happens to a person's assets. It can also lead to family infighting, which may result...
For parents, estate planning can be critical
Estate planning can be particularly important for parents in Ohio. When people have children, they may be more inspired than ever to deal with thinking about the future and making important decisions about how their children will be supported in case of the death or...
Reasons to look outside of family to manage a legacy
Some Ohio residents who are creating an estate plan might want to think about how they will separate their legacy from what they hope to leave to their children and spouse. Some people may assume that creating an estate plan that allows their beneficiaries to benefit...
Funding a trust helps it to reach full potential
Establishing a trust can be a major step in the development of a comprehensive Ohio estate plan. Once the trust is established, though, it must be funded. It can be thought of like a box that has been created to hold something; until it is actually holding assets, the...
Dealing with estate planning issues during a divorce
Going through a divorce in the state of Ohio can be a complex process that requires many considerations. In particular, those ending a marriage should take some time to revisit their wills and other legal documents. It's particularly important for a divorcee to update...
Special needs trusts protect assets for disabled adults
The Social Security Administration has strict rules about the assets a person who receives Supplemental Security Income can own. However, there is a way to ensure that a disabled person has the things they need without violating the government's rules. When a person...