What are Dower Rights?

What Is a Testamentary Trust

What is a Transfer on Death Affidavit and Why You Should Have It

Transfer on Death Affidavit, often referred to as TOD, is an easy way to avoid probate when transferring a real estate property after death. While trusts and wills are created in order to transfer most assets, including personal property, there is a better way to transfer your home into the beneficiary’s name quickly. Transfer on

Guardianship of Minor Children is a Crucial Part of Estate Planning

A recent conversation I had with a family member prompted this post, emphasizing the importance of having a will with guardianship provisions set up, no matter how small your estate may be, if you have a minor child. Her friend’s daughter passed away unexpectedly few weeks ago. She was a single mom after the father

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