As an estate planning attorney, I see what happens firsthand if somebody dies without a will. It's a common occurrence. In fact, most studies find that roughly half of Americans don't have one. It is called dying "intestate" if you pass away without an estate plan....
Serving the Cleveland Area since 1994
Serving the Cleveland Area since 1994
Month: April 2018
Estate planning, trusts and incapacity
Ohio residents can use estate planning to make certain provisions for situations in which they may be mentally or physically incapacitated. If such a situation arises, it is important that they have the appropriate legal documents in place so that it can be ensured...
Tips for reviewing an estate plan
There are a number of reasons people might need to update an estate plan. One of those reasons is if the person has created an estate plan with the intention of avoiding estate tax. The estate tax exemption has increased significantly, and the provisions made might no...
What happens in the probate process
Some people in Ohio may be aware that probate is the process a will goes through after the death of the person who created it, but they might not know all the steps involved. First, the will must be authenticated by a judge. Most wills name an executor to manage the...
How trusts can be revised in estate planning
Trusts are a vital part of estate planning for many people in Ohio who want to manage their estate for the maximum tax benefit and flexibility in preparing to pass on their assets to their heirs. However, after a trust has been made and property retitled in the name...
