Even though it is easy to keep estate planning low on your list of priorities, we think you owe it to yourself and to your family to take the time to make a plan. No time is better, or easier than the present to get a good
estate plan in place that will evolve with you through life.
If you have been named the executor of the estate of a loved one or client in Ohio, it is important to have an idea of the steps ahead when you are asked to initiate the estate administration process.
Whether you are called an executor, estate administrator, or fiduciary, the task before you is the same. As an executor you will muster and manage the assets, debts, and property of someone who has passed away in accordance with their will. If they have died without a will, you will be asked to inventory and distribute the estate pursuant to the law of the State of Ohio.
If you are thinking about divorce in Ohio, it may be worth your time to consider agreements that you can make out of court to keep conflict and legal costs low. Today, with careful use of alternative dispute methods, you may be able to create satisfying divorce agreements without as much, or any, reliance on the court.
Child support plays an important role in creating financial stability for children after a divorce or separation of parents. In Ohio, responsibility for the payment of child support ends or can be terminated for a number of reasons. The State of Ohio expects both parents to provide financial support for their children.
Many people believe that wills, trusts, and powers of attorney (POA) are only needed for people with considerable wealth. Yet every adult should prepare advanced medical directives that allow someone else to make decisions on their behalf if they are injured or seriously ill.
As experienced estate planning attorneys, we work with clients to create effective estate plans and offer guidance during the probate process in Ohio. Here are some basic differences between the types of estate planning tools you can use to protect yourself and take care of loved ones after you are gone.