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Suppose you’ve noticed some hesitation from your aging parents about organizing their affairs; you may contemplate handling estate planning on their behalf. As your parents age, helping ensure their financial and legal affairs are in order becomes increasingly...
Disinheriting an adult child or other person who expects to inherit something from you is a decision to make with care. It’s also something that you may want to discuss directly with the person you are disinheriting. Unless the reason for the disinheritance is...
Every person's estate is different. The assets that belong to an individual become their estate when they die. Those resources may need to pass through probate court. The courts can assist with the application of intestate succession laws if the testator dies without...
You’ve decided this is the year you finally put an estate plan in place. It’s important to avoid a mistake that too many people make: assuming that your kids want everything of value you have and maybe even will fight over it if you’re not clear about who’s getting...
For some adults, retirement is the first time that they truly consider estate planning. For others, preparing for retirement is a reason to review and update their existing estate plans. The needs of those at or near retirement age are different from the needs of...
An estate plan is a written, legally-enforceable set of instructions that tell your loved ones how to handle your assets when you die. It can also address other issues, such as who will handle your affairs if you become incapacitated. If you’re preparing to create...
Getting an estate plan together is a complex undertaking for adults, especially if they’re creating their first plan. One of the primary considerations involved is figuring out how to pass along assets to their chosen beneficiaries. This is most commonly done via a...
Those putting together an estate plan in Ohio often have specific priorities. Many people worry about meeting the needs of dependent or vulnerable family members. Others focus on their assets or their ties to the local community. If someone creating an estate plan...
Many people with significant personal property take for granted the idea that they should have control over who inherits their property. Others simply assume that their family members should inherit regardless of whether they bother with estate planning or not. While...
The continuing trend of couples 50 and older divorcing in record numbers continues. Much of this monumental shift is the result of people living longer. The concept of “’til death do you part” for soon-to-be seniors may fall out of fashion when the idea of a...