Everyone should spend time estate planning at some point in their lives. It is essential to bring financial affairs in order by formulating documents which may specify how your belongings will be handled and whom will assume ownership of your assets and liabilities. Most people hire an experienced estate planning lawyer to help them in… Read more »
At some point in life, every person has to spend time planning their estate. As death is an eventuality every human being has to face, it is only rational that we put our affairs in order during our lifetimes. Essentially, estate planning is the term used to refer to the process of formulating documents which… Read more »
Every person has to leave this world at some point. Some people leave sooner while many are lucky enough to live much longer. But at the end, everyone has to eventually leave this world. It is good to think ahead and plan how your estate will be handled after your death. Throughout our lifetimes, we… Read more »
Whenever you hear about estate planning, you probably picture an old person who has spent the prime years of their life building wealth that will eventually leave for their children. But have you ever considered that estate planning is just as important for young people? People who recently got married and had their first child… Read more »
Introduction Websites and companies like LegalZoom and others promise users the opportunity to tackle their legal needs without having to consult with an attorney and pay an attorney’s allegedly-high fees. Instead, these outfits deliver forms and pleadings to users, who are then responsible for entering the pertinent information into the forms and filing them with… Read more »
It is not uncommon for individuals to create multiple wills or trusts over the course of their lifetimes as their situations change. Some testators (creators of wills) and grantors (creators of trusts) wonder what happens – or what should happen – to the will or trust that is being replaced. This can be of concern… Read more »
As individuals age, they begin to confront the possibility that they may need to be placed in a nursing home or retirement home facility to live out their final years. Paying for these facilities is expensive – sometimes thousands of dollars per month – but Medicaid will generally pay for these costs so long as… Read more »
Every state (including Ohio) has statutory formalities that any will must comply with in order to be enforceable in court. A will that is presented for admission to probate that fails to comply with these formalities is subject to legal attack. This can result in the probate court refusing to admit the will and treating… Read more »
When setting up an estate plan, most people’s thoughts go straight to drafting their will. While setting up a will is the right choice for many people, it is not the only option for making final arrangements for one’s property. One of the biggest issues with wills is that they are required to go through… Read more »