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Do you know what estate planning is? Estate planning is the organization of your estate through a legal process that ensures your assets are distributed to your heirs, which can reduce disputes after you pass away. Estate planning is a lot to handle at first, which is...
When you’re passing on a high-value estate to your children, it can be very complicated and you may know that disputes are likely. After all, a life-changing amount of wealth could be on the line. These types of disputes can sometimes cause a rift between siblings...
Crafting an estate plan is crucial in caring for your family. It can be an important step for making sure things are in order once you’re gone – and it’s never too early to start. More than 70% of adults in the U.S. think that having an estate plan in place would make...
Wills, trusts and estate plans come in all different shapes and sizes. Some will be straightforward because there is a single beneficiary, but these days estate plans will often need to consider children, stepchildren and a second (or third) wife. It can even get more...
When you became a parent, you probably reacted as most Ohio parents did — you want to make sure you take care of your kids and protect them. Right now, this means seeing to their daily needs, planning for their future and more. You take your responsibilities to your...
Fashion designer Karl Lagerfeld is famous for his influential work over a long and storied career before dying on February 19 at age 85. He continues to make news from the grave with an extravagant but not surprising bequest to his Birman cat, Choupette, of a portion...
Sometimes it makes more sense to set up a generation skipping trust, particularly if the objective is to reduce the size of tax obligation among family members. This trust does this by directly placing assets with grandchildren and future generations rather than...
Many of us have heard the term “Roth IRA” and may even understand that it is a good way to avoid paying unnecessary taxes or avoiding probate. Needless to say, many out there believe that there is a lot to like about this estate-planning tool. Some basics about the...
The internet has made it easier to sell or determine the value of collectable objects. Nevertheless, families may have no idea what the value of some old stamps, rare books, comic books or even that vintage car. Perhaps a parent was a little self-conscious about how...
You probably spent a significant amount of time making your business into what it is today. You work hard every day to make sure that it continues to thrive. More than likely, it provides a substantial amount of income for you and your family. As part of your ongoing...