On behalf of Kathryn T. Joseph & Associates, Inc. | Jun 26, 2018 | Firm News, Trusts
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...
On behalf of Kathryn T. Joseph & Associates, Inc. | Jun 20, 2018 | Firm News, Trusts
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...
On behalf of Kathryn T. Joseph & Associates, Inc. | Jun 7, 2018 | Firm News, 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...
On behalf of Kathryn T. Joseph & Associates, Inc. | Jun 6, 2018 | Firm News, Trusts
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...
On behalf of Kathryn T. Joseph & Associates, Inc. | May 9, 2018 | Firm News, Trusts
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...
On behalf of Kathryn T. Joseph & Associates, Inc. | May 1, 2018 | Firm News, Trusts
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...
On behalf of Kathryn T. Joseph & Associates, Inc. | Apr 24, 2018 | Firm News, Trusts
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...
On behalf of Kathryn T. Joseph & Associates, Inc. | Apr 17, 2018 | Firm News, Trusts
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...
On behalf of Kathryn T. Joseph & Associates, Inc. | Apr 6, 2018 | Firm News, Trusts
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...
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...
