Opportunity Zones Can Benefit Businesses & Neighborhoods Cities have long struggled with disparities in investments. While one neighborhood may be bustling, another neighborhood a couple of miles away may be falling behind. Underinvestment can lead to a wide range...
Estate Planning
Who gets your great-grandmother’s pearls?
As you begin the estate-planning process, you may be fortunate enough to have some property that will pass to beneficiaries of your choice without going through probate. This could include liquid assets such as your deposit, investment, and retirement accounts. It may...
R-E-S-P-E-C-T YOUR FAMILY
It was reported this week that famed soul singer Aretha Franklin died without a Will or Trust. This problem not only throws all of her assets and liabilities into the public eye of probate and to the intestacy statutes, but also guarantees tens of thousands in...
High-asset divorce and your estate plan
Bringing a marriage to an end can be very tough, regardless of a couple's financial circumstances, whether or not they have children, or any other factor. However, it can be particularly challenging for certain people, such as those with a high net worth. If you are...
Is a handwritten will valid?
People in Ohio who want to protect their assets and decrease the stress of their loved ones after they are gone may choose to have a will. In the state, a valid will may be typed or handwritten by the testator. While many people choose to type the document, some...
Should you have long-term care?
As you get older, there are a growing number of things to consider. Along with writing a will and making sure your assets are protected in Ohio, you should also consider whether long-term care insurance is something you will benefit from.According to the...
Should you have a health care power of attorney?
While most people do not want to plan for the worst, it is a good idea for all adults in Ohio to have someone they trust who can make medical decisions on their behalf should something catastrophic happen. This person is outlined in a legal document called a health...
Estate planning and the end of marriage
Handling estate issues can be challenging for people in various situations, but it can be especially tough for some, such as those who have significant assets or people who have recently split up with their spouse. If you have gone through a divorce, or are thinking...
Communication and your estate plan
If you are in the process of setting up an estate plan, many different concerns may be on the table. For example, you may be having a hard time deciding whether a trust or will is more appropriate, or you could be having difficulty naming an executor or figuring out...
The importance of estate planning
When a resident of Ohio dies, matters of estate planning often need to be dealt with long before the grieving process is underway. As stated by the Summit County Probate Court, bills and taxes will be taken from the estate upon death, and then the rest is...