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Medicaid Planning in Ohio

You may reach a point in your life where your health has declined and you should plan for your future care needs. There are many options available to you, including in-home, assisted living, and nursing home care. This can cause significant financial stress for you and your family. In the face of an unexpected event, most people have to pay…

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How are Estate Planning disputes are settled in Ohio?

HOW ARE ESTATE PLANNING DISPUTES ARE SETTLED IN OHIO? A lot of people feel reassured about wills. It is more likely that a will end up in court than any other legal agreement. A family feud can lead to a permanent split. This can delay the sale of estate assets for many years and may result in professional fees that…

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What to consider before hiring an expert real estate attorney?

Especially in the area of residential real estate, many transactions are completed using standardized forms and templates. However, even these documents may contain vague or unclear terms that can result in costly complications. Experienced Attorney A qualified real estate attorney can draft a sales agreement and review financial records, ensuring that all wrinkles are ironed out before closing. In fact,…

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What should we know before hiring a probate attorney?

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…

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Why Putting Your Family Home In A Trust Is A Smart Move

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…

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Money Saving Implemented Estate Planning Strategies

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…

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Why Estate Planning is so Important

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…

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What are the biggest differences between inheritance tax and estate tax in Ohio

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…

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The 3 Key Elements of Building a Legacy Estate Planning Plan

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 allows you to designate someone to manage your affairs if you are unable or become…

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Who can act as trustee in Ohio of a special needs Trust?

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…

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