Writing a will in Ohio may not be on the top of many people's priority lists, but it is important in order to prevent a legal battle between loved ones. Not only is it important to include all significant and relevant items for distribution, it is also imperative to use correct terms and language to decrease the chances of it being contested down the road.
Imagine that before he passed away, your father had a new girlfriend. Shortly after they started dating, you saw less and less of him. Every time you called to check in, she answered the phone and provided some excuse for why he couldn't talk. After he passed, the probate attorney called you about the will and you found out that your father had recently written a new one that did not include you or your siblings. Instead, he left everything to his girlfriend.
The process of estate division in Ohio is often long and complicated. However, one way to streamline the process is to establish trusts. According to the IRS, a trust gives the title of assets to another person, who is then required to distribute or use them according to the benefactor's wishes. Essentially, a benefactor establishes who will assume control of his or her assets and ensure that the beneficiaries receive their portions after the benefactor's death.
If you are thinking about preparing an estate plan, you may have various options to choose from. Sometimes, people opt to move forward with wills, while others focus on trusts. However, there are different types of trusts and it is pivotal for you to identify which one is most appropriate for you. If you live in North Canton, or anywhere in Ohio, it is crucial to focus on setting up an estate plan that protects your assets. Depending on your circumstances, a revocable living trust may be the best option.
When it comes to probate litigation, there are a myriad of issues you may be dealing with. For example, you may be challenging a portion of a will or the entire will altogether. Or, perhaps you are setting up an estate plan and want to figure out how you can prevent a dispute from arising. Furthermore, you may be experiencing emotional distress and your family may be torn apart as a result of these disagreements. Our law firm knows how challenging these matters can be for people and entire families in North Canton, and other parts of Ohio.
Writing a will can be a difficult and complicated task, and it is essential to understand the factors involved before delving into the estate planning process. According to ABC News, one important initial step is to choose witnesses and the executor of the will. The executor is the one responsible for carrying out the stipulations laid out in the will. Therefore, this person must be dependable and able to wade through a sometimes difficult process. Ohio has its own set of regulations regarding wills, so understanding the state's specific estate laws is key to creating a legitimate legal document.
When it comes to estate planning, you may have all sorts of considerations to think through. For example, you may be wondering how you should divvy out your assets to beneficiaries, or whether you should move forward with a trust or will. At Baker, Dublikar, Beck, Wiley & Mathews, our Ohio law firm knows how challenging it can be to confront these questions for people in North Canton, and across the state. However, carefully reviewing the ins and outs of each option may help. In fact, those who decide to set up a trust may enjoy numerous advantages.
Estate disputes arise for all sorts of reasons. In North Canton, and in other cities around the whole state of Ohio, some of these disputes occur because beneficiaries believe that their rights have been violated and they have been denied inheritance they were supposed to receive. At Baker, Dublikar, Beck, Wiley & Mathews, our law firm is aware of the other reasons these disagreements can arise, such as allegations that an executor violated his or her fiduciary duties, undue influence, and a plethora of other matters.