Parents in Ohio who have children with special needs may be concerned about how they can best provide for their children in the future, especially if they will need to access government benefits as adults. By using a special needs trust, family members can supplement...
Serving the Cleveland Area since 1994
Serving the Cleveland Area since 1994
The role of an estate planning professional
An Ohio resident who is creating an estate plan may want to work with a team of professionals. This could include an attorney, financial planner, and accountant. Unfortunately, many people think an estate plan and a will are the same thing. However, there are many...
Common errors in estate planning
According to a recent Wells Fargo survey, one in four older Americans do not have a plan in place to take care of their medical and financial needs in case they become incapacitated. It's important to remember that there are several ways Ohio residents can protect...
Avoid conflict: Talk to your adult children about dividing assets
Your children are heading into middle age, prosperity and children of their own. Their future is important and so talking about an estate plan can be emotional. Your children's differing viewpoints and personalities might create conflict and lead to a bumpier estate...
What are the pros and cons of some common trusts?
When property such as real estate, cash, stock or other assets are placed in the control of another person to hold and manage for the benefit of another, a trust has been created. The property owner is the settlor, while the person receiving the benefit is the...
Using pour-over wills to round out an estate plan
Pour-over wills are used with trusts and other estate planning tools as a catchall for anything that wasn't included in the other documents. This helps the heirs and executor avoid later problems in Ohio probate court if the deceased forgot to include something or...