Starting a new business venture can be an exhilarating experience. Confidence and optimism abound at the start, and many teams of founders feel like the sky is the limit. In fact, such relentless optimism has been repeatedly documented as one of the most important keys to founding a successful business. However, that optimism can cause… Read more »
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Choosing a Trustee
Trusts are flexible estate planning tools that allow people to have their assets used for a specific purpose or in a specific way both during their lifetime and after they have passed on. This is accomplished through the use of a trustee, who manages the assets based on the directions in the trust document for… Read more »
How Everyone Can Benefit from Estate Planning
For a lot of people the term “estate planning” conjures up images of complex trusts and pages of legalese that no one can benefit from without a seven-figure income. While estate planning can be used like that, the field is actually much broader and it can solve problems that people of all income levels face…. Read more »
Reasons to Contest a Will in Ohio
Will contests are a delicate legal issue. They come at an emotional time for a family, and they can be fraught with personal conflict. However, will contests are an important legal tool for ensuring that a relative’s final wishes are appropriately carried out in the manner that they would have wanted. There are a variety… Read more »
Using Beneficiary Designations in an Estate Plan
There are many different ways and estate planning tools to pass along wealth to the next generation. The most common methods include the use of a will or trust, or sending all of the property through probate without an estate plan. However, probate can be time consuming, costly, and often leads to your heirs inheriting… Read more »
Ohio Grants Aid to County Elder Care Projects
Many people across Ohio have voiced their opinion that more needs to be done to protect Ohio’s growing elderly population from abuse, neglect, and exploitation. However, there is no single solution to all of the state’s elder care needs. As a result, the Ohio state legislature has set aside millions of dollars to fund grants… Read more »
Facebook Helping with Your Digital Estate Plan
The social media website Facebook has recently announced a new feature called the “legacy contact” that allows its users to name a person to handle their account when they pass away. The legacy contact option is one example of many that show how companies that handle digital assets are making it easier for their users… Read more »
Common Questions about Ohio Probate
Without a will or estate plan, everyone’s estate will go through probate. Even people with a plan in place may have some assets that still need to go through the probate system, yet many people do not fully understand what probate is or how the process works. Here are some common questions and answers regarding… Read more »
How to Use a Quiet Trust
One of the biggest concerns in estate planning is how to effectively and responsibly pass on wealth to the next generation. Many people are concerned that if their loved ones know what kind of wealth they will be inheriting it would discourage them from being successful on their own. As a result, many states… Read more »
New Trend: Probate-free Real Estate Deeds
Right now, over half of the states across the country allow for homeowners to transfer property with a simple real estate deed that helps avoid the probate process. Called a beneficiary or transfer on death deed, more and more people are working with their estate planning attorneys to use these deeds in lieu of probate. With… Read more »