A proper estate plan is about far more than figuring out what happens to your property, assets, and liabilities when you die. An estate plan should be used to ensure you are fully protected in the event you are unable to make your own decisions. A health care directive is often an important part of… Read more »
Posts Categorized: Estate Planning Attorney
Estate Planning in Ohio: What You Need to Know About Debt
Do you have a considerable amount of personal debt? If so, you are far from alone. According to the Federal Reserve Bank of New York, Americans collectively held $14.5 trillion in household debt in the Fourth Quarter of 2019 — a number that has been rising in recent years. Dealing with the outstanding debt and… Read more »
Estate Planning in Regards to Digital Assets, Frequent Flyer Miles and Much More
The modern world has changed estate planning in some important ways: Preparing for what will happen to your ‘digital assets’ is extremely important. Here, our Northeast Ohio estate planning attorney provides an overview of digital assets and explains key things you need to know about digital assets and estate planning. What are Digital Assets? A… Read more »
Employ Estate Planning Practices in Your Routine Activities
Estate planning is an important activity as it arranges how your wealth is to be disposed of after your death. This process can be set up to occur after your death through your will, while you can also do the same during your lifetime. Smart planning is possible when you seek help from an experienced… Read more »
Organizing Documents and Information for Estate Planning in Ohio
While most people imagine their death bed when they consider estate planning, in reality, it is about having control over your assets and property during your lifetime and after you pass away. An important aspect of having complete control is the proper organization of related information and documents. By keeping legal documents, bank statements, receipts,… Read more »
Understanding Intestacy: What Happens If You Die without an Estate Plan?
Whether you are single, married, or have children, it is important to have a will that dictates what happens to your property and assets after you pass away regardless of the size of your estate. But, what happens if you die without writing a will or establishing an estate plan? How do courts distribute property… Read more »
4 Reasons Why You Need Legal Help with Estate Planning
Not many people consider getting legal help when they’re estate planning, largely because they believe that people will follow what has been described in the will without question. But the truth is, making a will isn’t as simple as putting your name down on the dotted line and then believing in the legal system to… Read more »
What You Need to Know About Revising Your Estate Plan Post Divorce
Whether you are going through a divorce or have just dissolved your marriage, it is essential to revise your estate plan to adjust things according to your changed circumstances. You need to rethink your estate planning goals and revise your plan with new documents. If you put off updating your estate plan, there is a… Read more »
The Role of a Guardian in Estate Planning
When a person is no longer capable of handling their personal or financial affairs, the court appoints another person or entity to take care of these matters on their behalf. A Guardian can be a family member, spouse, parent, relative, or a friend, who will be required to act in the best interests of the… Read more »
Do You Need Estate Planning for Your Digital Assets?
We live in an era where we manage a lot of our assets digitally. Cloud backups, photo storage, online banking, social media profiles, emails, etc. are just a few examples. Have you ever thought what will happen to these assets if you were to become disabled or pass away? Since no one knows the IDs,… Read more »