When we talk about estate planning, a common concern of my clients is whether their loved ones will have immediate access to funds to pay for the burial or funeral, if arrangements have not already been pre-paid. One of the easiest ways to achieve this is by nominating someone as … [Read more...]
Who Should I Choose as My Executor?
An executor is in charge of following your will and the law. Their job requires attention to detail and paperwork. Executors should be somebody that you trust. You can choose whether or not to pay your executor for all of their hard work. Ohio law provides that executors can … [Read more...]
What is an Executor?
An executor is someone that you appoint to take care of your business after you pass away. An executor's job is to open bank accounts in the estate's name, to make sure that your will is followed, and to make sure that the law is followed. The job requires a lot of work. You want … [Read more...]
What Happens If I Pass Away Without a Will?
If you pass away without a will or without transfer on death designations, then the default is the Ohio descent and distribution statute. It dictates who gets all of your assets. For example, if you are married with kids and your spouse predeceases you, then it goes all to your … [Read more...]
I Only Need to do My Estate Plan Once, Right?
No. When you have an estate plan, it is not necessarily a set and forget it type of thing. I did it when I was 20. Cool. I never have to update it. It's not how it necessarily works. There are certain life events in which you may want to update your estate plan: 1) you got … [Read more...]
Do Married Couples Need One Will or Two?
One of the questions I get a lot is I'm married. We're coming to you for our wills. We just need one, right? No. The reason for that is twofold. One joint wills are not advisable because if the spouse predeceases you, you can't change the will. And vice versa. This makes it … [Read more...]
- 1
- 2
- 3
- …
- 7
- Next Page »