Dec 30, 2023 | Probate/Estate
A trust is a legal entity you create to hold your “stuff” for yourself and future generations. It can be revocable, irrevocable, for life insurance, for charity, to protect from Medicaid claims and for so many other reasons. If you ever heard the term Medicaid Trust...Sep 18, 2023 | Probate/Estate
At one point or another, you might have asked yourself “Do I need a trust?” The estate tax laws have extended the exemptions so that unless you are transferring over $12 million at death you will not pay estate taxes. Ohio has not had estate taxes for a...Aug 12, 2023 | Probate/Estate
Probate is a legal process of (1) proving a will reflects the true wishes of a deceased person, (2) inventorying their property and belongings, (3) paying off their debts and taxes, and (4) distributing what’s left to their next of kin. Well, that’s the definition a...Jun 16, 2023 | Probate/Estate, Tips
As 70+ Million baby boomers head into their later years and downsize or pass how do they divvy up their “stuff” in this process? One way is to speak with your family while you are alive and ask if any of them have a desire for a particular item. Family meetings where...May 24, 2023 | Probate/Estate
Most people over the age of 65 will eventually need help with activities of daily living. A man will need an estimated 2.2 years of such assistance and a woman will need an estimated 3.7 years. If only one spouse needs the help it can be financially...Jan 23, 2023 | Probate/Estate
Your Will, Living Will, Powers of Attorney, joint accounts, title to your home, and beneficiaries are all a part of your estate plan. They all coordinate to ensure that upon your disability and death, your assets are handled the way you want and are distributed to...