An estate plan helps to ensure you and your family are ready for the future. Every adult should have a personalized estate plan in place. Of course, life brings change. The estate plan you set up ten years ago may no longer be effective. This raises an important question: When should I have my estate… Read more »
Posts Tagged: estate planning
Does A New Will Cancel An Old Will?
A will is a core aspect of a comprehensive estate plan. Of course, a will is not always a static document. Estate planning needs change over time — and your will may need to be revised or even replaced. This raises an important question: Does a new will simply cancel out the old one? The… Read more »
How Often You Should Review Your Estate Plan
Broadly defined, an estate plan is the process of preparing legal and financial affairs to ensure that you and your family are fully protected. Estate planning is not a static process. An estate plan should be reviewed and revised on a regular basis to ensure that it is fully updated to reflect life’s ever-changing circumstances…. Read more »
What Happens to a Decedent’s Debts?
One of the questions I am asked most often is, “Do I have to pay my deceased loved one’s debts?” In Ohio, there are strict rules about the payment of a decedent’s debts. Decedent’s Probate Estate Rule No. 1: The only place from which a creditor of a decedent can be paid is from the… Read more »