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Avoiding Estate Planning Scams
March 14th, 2024
If we’ve said it once, we’ve said it a thousand times: every adult needs an estate plan. But about two-thirds of Ohio adults don’t have a will or any other estate planning documents. Maybe they were busy and kept putting it off. Maybe they didn…
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Who Has the Right to Plan Funeral Services in Ohio?
February 20th, 2024
If you have ever had to plan funeral services for a loved one, you know that there are a lot of decisions to be made. Cremation or burial? Traditional funeral service, or celebration of life? Who will be invited to attend? Where will the final restin…
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What Happens If I Inherit a House With a Mortgage?
November 15th, 2023
For many people, their home is the biggest asset they own. It’s also one of the most likely to be encumbered by debt (a mortgage), and to have great sentimental value. Those factors often lead to difficult decisions for heirs when the homeowner die…
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Estate Planning Post COVID
October 19th, 2023
More than three years after COVID-19 first appeared on the scene, many aspects of our lives and world have gone back to something approaching normal: we are dining in restaurants, traveling on planes, attending work and school in person. But some thi…
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1035 Exchanges for Life Insurance and Annuities
May 16th, 2023
What do you do if you have a life insurance policy or annuity, and discover that another policy or annuity better meets your needs? Do you have to pay tax on the gains in your old policy before transferring the cash value to a new one? In many cases,…
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Estate Planning 101: Incapacity Planning
February 15th, 2023
If you asked 100 people on the street what estate planning is for, the great majority would probably say something like “to provide for your family,” or “to distribute your property after you die.” Those are certainly important reasons to hav…
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What is a Community Property Trust?
January 23rd, 2023
Ten states in the U.S. are classified as “community property” states, in which each partner in a marriage is considered to own half of the assets acquired during the marriage. Although community property jurisdictions constitute a small minority…
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How to Leave an IRA to Heirs
December 22nd, 2022
Retirement assets, including Individual Retirement Accounts (IRAs), often make up a large part of a deceased person’s estate. Retirement accounts are also, unfortunately, one of the biggest sources of estate-planning errors. The rules about distrib…
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A Guide to Divorce and Estate Planning
October 20th, 2022
Like everyone, you have a vision for your future, and plans for how it will unfold. Unfortunately, the prospect of a divorce throws a wrench in those plans. You may need to change course regarding a number of objectives, including your estate plan. T…
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2022 Updates: FDIC Insurance for Trusts
September 14th, 2022
If you have ever walked into a bank, you may have noticed signage that indicates that each depositor is insured to a certain amount by the Federal Deposit Insurance Corporation (FDIC). It’s likely that you’ve never given those signs—or the FDIC…
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