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Some people leave property, money, and other valuables to family and friends. While others have more specific requests. Depending on your age, you may need to choose legal guardians for your children in your will. Find an estate planning and probate attorney that specializes in your type of estate planning. Some lawyers are highly skilled in handling large sums of…

Smart Economics: Why it is wise to put your family home in a trust While you should always consult your Lawyer to determine the best estate planning strategies to suit your specific circumstances, this blog will discuss trusts (irrevocable and revocable) and outline the expected benefits of trusts to pass your home on to your loved ones. Proper estate planning…

Implemented estate planning strategies? There is a good chance that income and estate tax reforms will be proposed with the Democrats holding marginal control of Congress and the Senate. It is difficult for taxpayers to decide on the right strategy, regardless of whether the Democrats have enough votes to make major changes. We do know that the estate tax exemption…

Why Estate Planning is so Important? “Estate planning” done by a qualified lawyer in Columbus Ohio refers to the process of reviewing, preparing, and discussing how best to transfer assets to our heirs. While we often view a Will as the only way to dispose of our assets and avoid estate planning, it allows us to look at all options…

What are the biggest differences between inheritance tax and estate tax in Ohio? Taxon estates and property is levied when the owner dies in a country that has one. When a person inherits property that was given to them by a resident of a state with an inheritance tax, an inheritance tax is imposed. If an Ohio resident inherits property…

The 3 Key Elements of Building a Legacy Estate Planning Plan A good estate plan includes five elements: Power of Attorney, Will, Trust(s), Health Care Directive or Medical Directive, Beneficiary Designation, and Power of Attorney. Power of Attorney 1) The Power of Attorney Ohio laws allow you to designate someone to manage your affairs if you are unable or become…

The trustee is the person or entity responsible for administering the trust. The trustee must follow the instructions of trust makers and law concerning trusts and distributions. The trustees will decide who the trustees or initial trustees are. The trust maker will often name themselves as the initial trustee, even if they are not the beneficiary – the Trust maker…

Ohio Probate Laws The Buckeye State’s probate requirements include estates, duties of personal representatives, and links to other articles and resources. Ohio Durable Power of Attorney Laws The Ohio laws that regulate the durable power of attorney are specific. This legal process allows another person to make decisions regarding a person’s medical care and health. Ohio Living Wills Laws This…

More than a last will & testament Ohio’s best practices for Estate planning are more than drafting a will. Planning your estate involves accounting for your assets and making sure they are transferred to the right people or entities. You must also ensure that others are aware of your plan and understand it. Are you unsure where to start? This…

Ohio Estate Planning essentials for the future of LGBTQ+ families Here are the steps to take Estate Planning for Same-Sex Couples in Ohio Ohio members of the LGBTQ+ community are less likely than others to get married or have children with one parent. They must ensure that all necessary documents such as powers-of-attorney and wills are in place in case…