Postnuptial agreements will soon be another tool for Ohio couples to safeguard their personal assets and create certainty in case unexpected marital issues come up down the road. A postnuptial agreement is a contract entered into during marriage allowing spouses to create end-of-marriage contingencies that fit their unique situation. A postnuptial agreement can stand on […]
Estate Planning
How should you pick an executor?
When residents of Ohio like you work on your estate plan, you must pick an executor. This person will carry your estate plan out. Because of that, they are a crucial part of the process. You want to select someone who is right for you and your plans. Today we will look at some things […]
When does a power of attorney begin and end?
You may be thinking about designating a power of attorney who can handle your financial affairs for you in the event that you become incapacitated. This can be to your family’s benefit as well as your own; your family will know who is responsible for making financial decisions, and you have the power to limit […]
A will may not always mean there is an estate plan
Many people in Ohio believe that as long as they knock the will off their to-do list, the estate plan is done and ready for execution when the time comes. A will is one of the most important documents in an estate plan for sure, but by itself, it is unlikely to constitute a full […]
Why you need an advance directive in your estate plan
Estate planning is a difficult topic for most Americans, as many believe the process is too complicated or expensive, while others believe they do not have enough assets to pass along to future generations. A 2019 Caring.com survey shows that only four out of 10 adults in the U.S. have created a will or trust, […]
People can learn from Aretha Franklin’s estate mistakes
While many people in Ohio may love Aretha Franklin’s music, they may want to take a different path when it comes to their estate planning decisions. After the Queen of Soul passed away in August 2018, it was generally believed that she never executed a will. As a result, her estate has remained in the […]
The advantages of a trust over a will in an estate plan
A trust instead of a will could be the right choice for some people in Ohio who are creating an estate plan. A trust can offer more privacy and can distribute assets to beneficiaries more quickly because it does not have to pass through probate as a will does. However, a trust can also hold […]
Tips for creating an effective estate plan
According to a Caring.com study, only 42 percent of Americans have created any sort of estate plan. For Ohio residents who don’t have an estate plan, it is best to start one by creating a will. A will can dictate who receives certain assets or who is allowed to be a guardian of a minor […]
Estate planning can be important for everyone
Some Ohio millennials may think estate planning is only an important topic for older, wealthy people with multiple heirs. Even many older adults who are single or do not have kids might feel that they do not need a will or other estate documents. However, making a plan can provide benefits to people at all […]
Including an art collection in an estate plan
For art collectors in Ohio, paintings and sculptures are often their most precious possessions. Accumulated over years and at significant cost, art collections reflect not simply financial investments but also aesthetic passions. At the same time, they can be valuable assets. Despite that fact, many people hesitate to make a plan for how a collection […]
