On behalf of Kathryn T. Joseph & Associates, Inc. | Jun 27, 2017 | Firm News, Trusts
IRAs can be bequeathed to heirs who can use the minimum distributions as they wish. However, IRA account holders in Ohio may want to use a trust as a tool to safeguard assets from beneficiaries who may have financial or behavioral issues. According to one financial...
On behalf of Kathryn T. Joseph & Associates, Inc. | Jun 22, 2017 | Estate Administration & Probate, Firm News
After an individual passes, that person’s estate may need to go through probate. In Ohio, estates worth $35,000 or less may be relieved from some of the administrative requirements. That number increases to $100,000 if a surviving spouse inherits all of a...
On behalf of Kathryn T. Joseph & Associates, Inc. | Jun 20, 2017 | Firm News, Trusts
Ohio residents who have an estate plan should review the documents regularly. In going over a will or a trust, they should take into account whether changes in tax law might affect the estate plan. Changes in assets or in the family could mean a change is needed as...
On behalf of Kathryn T. Joseph & Associates, Inc. | Jun 9, 2017 | Firm News, Trusts
People in Ohio who are remarrying might want to consider how they should alter their estate plans. If it is not a first marriage for the new spouse, the first step should be to avoid entangling finances if the new spouse also has financial ties to a previous partner....
On behalf of Kathryn T. Joseph & Associates, Inc. | Jun 5, 2017 | Blog, Firm News
One of the important components of an estate plan has to do with making decisions now about what is going to happen if you aren’t able to make those decisions in the future. This is actually something that many people don’t like to think about, but...
