You have worked for years to build wealth to benefit you and your family. But without proper estate planning, lawsuits and creditors could decimate what you worked so hard to build. Fortunately, several types of asset protection can safeguard your estate from debt. If you have questions about protecting your estate from creditors, the top… Read more »
We do not like to think about it, but everyone gets sick and dies eventually. As we age, we must prepare for the inevitable by having our legal documents and affairs in order. Learn below about the legal documents you may need in case of terminal illness or death. If you need legal assistance with… Read more »
Few people like to think about planning for when they pass away. However, performing estate planning gives peace of mind because you can provide instructions on how your assets will be distributed when you pass on. However, creating a will or trust can be complex, and you may have questions. Below are some of the… Read more »
If you want your wishes to be respected when you are gone, it is essential to make your will. Creating a will should be a priority, so you have a say in how your assets are distributed. Talk to a Cortland estate planning attorney at The Law Office of John C. Grundy for assistance today…. Read more »
You are ahead of many people if you have already written a will. When did you draft your will, and when was it last reviewed? Read below about how to update and check your will. Next, call our Trumbull County estate planning attorneys at the Law Office of John C. Grundy for assistance. When Should… Read more »
Senior citizens and other older Americans have unique legal needs. As noted by the Ohio Department of Aging, elder law is a specialized practice area that is focused on the issues facing older adults. Planning is critically important. With the right legal structure in place, you can protect yourself, your family, and your assets. Here,… Read more »
Financial planning is a big part of estate planning. If you are an older adult who owns a home, you may be considering using a reverse mortgage as part of your estate plan. Whether or not a reverse mortgage is a sensible option depends on many different factors. There are both pros and cons to… Read more »
Wealth management and asset protection are important aspects of estate planning. With a well-crafted estate plan, you can put yourself and your family in the best position to preserve your hard-earned life savings. Estate planning must be personalized—the asset protection strategy that works for someone else may not be well-suited for your specific situation. In… Read more »
For most people, the primary residence is the single largest asset that they own. According to a recent report from the National Association of Home Builders (NAHB), homeownership is a key component of household wealth in the United States. A primary residence makes nearly half of the total wealth owned by the median homeowner in… Read more »
Every adult should have a will. Not only does a properly-drafted will ensure that your last wishes are respected, but it will also reduce the risk that your loved ones end up locked in a dispute. Your will should always be updated to reflect your current needs and desires. In some cases, you may even… Read more »