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How to Make Tax-Free Gifts to Your Children (Even If They're Adults)
March 27th, 2017
You’ve reached that wonderful time in life when your children are grown, perhaps having their own children, and you have the financial means to make their lives better and easier. There are many ways to make gifts to your children, but you want…
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Life Insurance: One of the Few Remaining Tax-Free Benefits
February 27th, 2017
Life insurance allows you to make available to your heirs a significant amount of money upon your death. When life insurance benefits are paid to your designated beneficiary, they pass free of income tax. However, unless you take the proper estate an…
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End-of-Life Planning is Important
January 23rd, 2017
Kenny Rogers famously crooned, “The most that you can hope for is to die in your sleep.” Unfortunately, while death comes for all of us eventually, we can’t guarantee it will come so painlessly or gently. As difficult as it is to co…
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Legacy Trusts Protect Beneficiaries From Divorce and Lawsuits
January 4th, 2017
Doctors, attorneys, and other professionals have the capacity to accumulate significant wealth as a result of their specialized and sought-after services. Unfortunately, those professionals are also vulnerable to lawsuits, when the outcome of the ser…
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Asset-Based Long-Term Care Deserves a Look
December 20th, 2016
Over 1.4 million people in the United States are in nursing homes. Our population is aging, and about 70 percent of them are expected to need long-term care at some point. Some stays will be brief. On average, care will be needed for three years, but…
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Tags: Long Term Care
Are Your Beneficiary Designations Up to Date?
September 27th, 2016
You’ve signed your will, funded your trusts, and prepared powers of attorney. You’ve done everything you need to do to provide for your future and the security of your family—or have you? If you are like many people, you’ve forgot…
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Don't Forget to Fund Your Trust!
September 12th, 2016
You’ve heard repeatedly about the benefits of having a living trust as part of your estate plan. You can keep your assets from having to go through probate. You can retain control of assets during your life, and exercise control over how they a…
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Tags: Trusts
What is a Durable Power of Attorney?
August 29th, 2016
You’ve probably heard the expression “durable power of attorney,” but do you know what a durable power of attorney involves, and how it differs from a regular power of attorney? Unless you have a power of attorney as part of you est…
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How Does the Probate Process Work?
April 21st, 2016
Probate is the legal process by which a court formally recognizes that a will is valid and supervises the executor, who carries out the deceased person’s last wishes as explained in the will. If a person dies without a will or estate plan, probate…
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Powerful Statistics about Probate
April 7th, 2016
Over 14 percent of Americans are aged 65 and up. AARP found that 41 percent of baby boomers do not have a will. Almost 35 percent of respondents claimed procrastination as the reason. Are you unsure about how to handle your Ohio estate planning?
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