Talking to Your Parents About Estate Planning

Succession Order in Ohio

In Ohio the court looks at your estate after you pass away as either testate or intestate. Testate means that you passed away having a valid will. Intestate on the other hand, means that you had no will. In a situation when there is no will, not only is the probate process longer and more

Separate Property in Marriage and Estate Planning

To ensure that after passing away all property is divided the way an individual wants, it is imperative that correct wording in estate planning is used. This applies especially to married individuals who have marital and separate property. In Ohio, during marriage, property is divided into one of two categories: marital or separate. Separate property

What Makes a Will or Other Estate Planning Documents Invalid

Creating a will ensures that all your belongings and assets are distributed as you wish them to be after death. A general durable power of attorney or a health care power of attorney gives the designated agents the authority to act on your behalf if you are unable to. However, if any of those documents

The SECURE Act and Its Effect on Your Estate Planning

The Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act) was enacted by Congress in December 2019. It made various changes to retirement plans especially to IRA accounts for those that pass away on or after January 1, 2020. One major affect of the Act is how the IRA distributions are transferred

Estate Planning in Blended Families

What is a Blended Family? Blended families are families where one or both spouses have children from previous relationships or marriages. How to do Estate Planning the right way? There are many options and considerations to look at when doing your estate planning in a blended family setting. Below we will briefly discuss the major

How Divorce Will Impact Your Estate Planning

If you were married before, chances are you made your estate planning with your then spouse, naming him or her, as the primary beneficiary, the executor of your will, as well as an agent in your power of attorney for medical and financial decisions. If since then you have divorced your spouse, but never updated

Do It Yourself Services for Estate Planning vs. Hiring an Attorney

Would you operate on your family member’s brain or heart, not being a surgeon? While some projects can turn into do-it-yourself task to save money, others you should not attempt to do on your own. One such task is creating an estate planning for you and your family through do-it-yourself (DIY) sites, like LegalZoom. Most

Why Young People Should Complete Estate Planning

Often young people believe they do not need estate planning because of their age or because they do not have a lot of assets. However, what young parents don’t realize is that estate planning is an essential element of planning for their children’s care in case both parents pass away while having children who are

Guardianship of a Child vs. Guardian of the Estate

Parents always want what is best for their children. While death can be a difficult topic to consider by many young parents, it is detrimental that parents are aware that lack of appropriate planning can place their minor children in foster care, if both parents pass away. When both parents of a minor child pass