Articles
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Top 5 Reasons to Have a Will, Even If You’re Young
Many people think that estate planning is only for the elderly or the wealthy, but having a will in place is important for anyone who wants to control how their assets are distributed after they pass away. Having a will ensures that your wishes are carried out and avoids the complications that arise if you
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Beneficiary Designations: Common Mistakes to Avoid
When planning your estate, beneficiary designations play a critical role in ensuring your assets are passed to the right individuals according to your wishes and without unnecessary delays or complications. While creating a will or trust is essential, it’s equally important to properly designate beneficiaries for accounts like retirement funds, life insurance policies, and payable-on-death
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The Importance of Updating Your Estate Plan
Estate planning is not a one-time task. It’s important to keep your estate plan up to date in order to ensure your wishes are carried out as intended. Major life events can significantly impact your legal and financial situation, and failing to adjust your estate plan accordingly may lead to unintended consequences. Below, I’ll discuss
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Establishing a Trust for Pets
For many people, pets are considered family members. Yet, under the law, pets are classified as property, which can pose challenges when planning for their care after your death. Fortunately, Ohio law allows for the establishment of a pet trust, ensuring that your beloved pets will be cared for if something happens to you. Here’s
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Estate Planning for Single Individuals
Estate planning is often thought of as something for married couples or people with children, but it is equally important for single individuals. Having a solid estate plan in place ensures your assets are distributed as you wish after your death and that your affairs are managed according to your preferences if you become incapacitated.
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Planning for Minor Children: Naming Guardians and Managing Inheritance
Estate planning for parents of minor children in Ohio requires careful consideration, especially when it comes to naming guardians and managing inheritance. Without clear instructions in place, decisions about your children’s future could be left in the hands of the court. By taking the time to include provisions in your estate plan, you can ensure
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