A common misconception about bequeathing one’s estate to beneficiaries is that writing down one’s last wishes is sufficient. However, many people don’t realize they must take specific legal steps to transfer their assets after death. Moreover, there’s a process that you must follow to prevent...
Child custody issues are likely to be the most emotionally difficult matters involved in a divorce. They will also be one of the most difficult legal processes in a divorce. The divorce courts take their responsibility seriously when it comes to the welfare of minor...
A living Trust is an important estate planning tool that helps you protect your assets. It’s especially crucial during the costly and time-consuming probate process, which occurs after your passing. Furthermore, a Trust is private and not made public since it doesn’t have to be...
Probate occurs after a person dies and leaves behind assets to be distributed. A probate lawyer navigates the probate legal process for administering a Will. They also provide guidance when a probate court assigns an estate administrator when a Will doesn’t exist. To prepare for when your...
Many people don’t see an urgent need to create an estate plan, especially if they’re young, unmarried, or childless. If they decide to start the process, they may think online do-it-yourself legal forms are more manageable and cost-effective. However, we recommend you work with a...
Why would you, or anyone else, pay for the services of an asset protection lawyer? The main step this lawyer can help you with is in the drafting of an asset protection plan. This plan is a strategic document that will help you protect yourself,...
Estate taxes and inheritance taxes are always a concern for people who have assets they want to leave to family members or other persons. These taxes are also a concern for beneficiaries of estates. Ohio estate taxes and inheritance taxes were eliminated in 2013. when...
Before you hire a lawyer for Wills and Trusts, there are a few ways to save time and money. In particular, answers to three critical questions can help you make the most of the preparation process for your estate planning documents. Am I going to create...
When you are married, starting your own business is complicated. Your marriage creates a partnership with your spouse regarding all of your business ventures — a 50-50 partnership — which remains in effect until death or divorce. You should consult a local family law attorney...
Embarking on an estate plan can be daunting. But it doesn’t need to be if you have a trusted attorney in your corner. Hopefully, your estate planning lawyer has worked on estate plans comparable to the one you are proposing to build. That’s why it’s...
