Roughly half of all adults in Ohio and throughout the nation do not have a will. While failing to create an estate plan is not uncommon, it can cause headaches for family members after the estate owner's death. There are several reasons a person may want to create an...
Serving the Cleveland Area since 1994
Serving the Cleveland Area since 1994
Selecting an executor
An Ohio resident should consider many factors when choosing an executor for their estate. When managing an estate, the executor will have many responsibilities, such as inventorying assets, verifying liabilities and submitting the necessary legal documents to courts....
Estate planning the right way
According to a Wells Fargo survey, 40 percent of older individuals in Ohio and the rest of the nation have not completed all of the necessary legal documents that should be included in their estate plans. People who do not have all of the necessary estate planning...
Estate planning and special needs beneficiaries
People in Ohio who are primary caregivers to relatives with special needs can develop an estate plan that will provide the support their relative with a disability may need. In order to create the most effective estate plan for a loved one with special needs, it is...
How to properly structure a trust
When properly structured, a trust can be an effective estate planning tool for Ohio residents. By putting an IRA or a life insurance policy into a trust, beneficiaries gain access to an asset that can continue to grow either tax-free or tax-deferred. Individuals who...