On behalf of Kathryn T. Joseph & Associates, Inc. | Mar 30, 2018 | Blog, Firm News
When writing a will and estate plan, there are many legal terms you need to know throughout the process. My clients routinely ask about these terms and the difference between them. Two common words that can mean drastically different things for your estate are...
On behalf of Kathryn T. Joseph & Associates, Inc. | Mar 28, 2018 | Firm News, Trusts
Many have worried that changes to tax law that took place as part of the Tax Cuts and Jobs Act of 2017 could potentially reduce the amount of charitable giving that takes place as part of will bequests and the estate planning process. Especially for people without...
On behalf of Kathryn T. Joseph & Associates, Inc. | Mar 22, 2018 | Firm News, Long Term Care Planning
According to the Genworth Cost of Cary Survey, the median price of a nursing home is $8,000 a month. Unfortunately, an average social security check is only $2,000 a month. The U.S. Department of Health and Human Services says that 70 percent of Americans will require...
On behalf of Kathryn T. Joseph & Associates, Inc. | Mar 12, 2018 | Firm News, Trusts
When creating an estate plan, an Ohio parent may want to consider placing assets in a trust for their adult children. While it’s not uncommon for parents to do this when their kids are minors, it’s also a smart idea for adult children who may not manage...
On behalf of Kathryn T. Joseph & Associates, Inc. | Mar 6, 2018 | Firm News, Trusts
There are two major errors that a person in Ohio creating a living trust should watch out for. One is failing to fund the trust, and the other is failing to involve successor trustees. Living trusts have a number of uses in an estate plan. They can keep the estate...
On behalf of Kathryn T. Joseph & Associates, Inc. | Mar 2, 2018 | Blog, Firm News
Upon your passing, your estate will go into a system called “probate.” Everything is subject to your will and the applicable laws for its final disposition. The process can be long and complicated, especially if you have a lot of assets. It’s...
