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Estate Planning & Probate Litigation Archives

How to prepare for contesting a will

Losing a family member is a difficult experience. What can make it worse is finding out that the will making its way through probate in Ohio is not the one originally written or does not contain provisions promised by the deceased. These are just some of the common reasons someone may choose to contest a will.

What should I look for in a power of attorney?

When it comes to medical decisions, autonomy is a must. However, should you be suddenly incapacitated by illness or injury, you may be unable to make your desires regarding health care known. Even if you have a document in place that states your wishes, it might still be disputed by your family. That's why it's so important to choose a power of attorney, which is a person who will serve as your advocate when it comes to decisions regarding care. Forbes explains what you should look for when making this crucial estate planning decision. 

What is the difference between revocable and irrevocable trusts?

If the privacy of your heirs and your estate, avoiding probate or limiting estate taxes are a concern for you when preparing your estate plan, you may consider establishing a living trust. However, there are different types of trusts available for people in Ohio and elsewhere, and some options may be better suited for certain circumstances than others. Therefore, you may find it helpful to understand the difference between revocable and irrevocable trusts.

Estate taxes can be avoided

As one enters into the process of estate planning in North Canton, they might be under the assumption that whatever amount of assets they have to pass on to their heirs will automatically be limited by an estate tax liability. It may be easy to assume that taxes will come into play during the estate administration process; there are typically tax considerations with any significant transfer of funds or property. Yet estate taxes may be something that too many dedicate too much concern to. 

How disabled people in Ohio can sign wills

Ohio residents who suffer from physical disabilities have the same rights to prepare an estate plan just like anyone else. Provided that a person is of sound mind and is not being taken advantage of, a disabled person can create a last will and testament that is as legally enforceable as any other will. This is because Ohio law offers other means to certify a will other than affixing a personal signature to it.

What are some good reasons to challenge a will?

If one of your relatives dies in Ohio leaving you nothing or less than you expected to receive in his or her will, is this a sufficient reason to challenge that will? Per FindLaw, the answer is no. Instead, you must have other far more important grounds to successfully challenge a will.

Discussing your estate plan with loved ones

Estate planning can be challenging for a multitude of reasons, but your it is especially important to focus on how your estate plan will affect those you love. Many people decide to list their children and other relatives as beneficiaries, but they may be unsure of how to divide their assets between those they love. Or, they may have no idea who to place in charge of the estate plan. In some cases, someone may not even know which type of estate plan is best, since there are so many options. Sometimes, discussing these issues with loved ones can be very helpful.

Living wills versus health care proxies

When it comes to planning ahead with respect to one’s estate, there are all sorts of options to look over and take into consideration. Not only do many people plan ahead regarding their assets, but it is also smart for people to think about health care matters that could affect them in the future. For example, many people want to grant a loved one the power to make crucial health care decisions in the event that they become incapacitated. Some may do so by creating a living will, while others may set up a health care proxy.

Should I write my own will?

When estate planning in Ohio, you may be tempted to write your own will to save money. After all, there are numerous resources out there that make it seem like a breeze, especially if you consider your needs to be very simple. While you can create your own will, The Balance offers a few reasons why you may not want to.

Guardianship: an important estate planning decision

Estate planning in Ohio is important for many reasons, and much of that is to protect assets and manage finances. If you are a parent of a minor, estate planning is extremely important in terms of naming a guardian for your child in the event both parents die. Planning for the worst will decrease the stress and worry if something does happen, and you can ensure your child is well taken care of by someone you trust.

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