If you want your heirs to have the ultimate amount of flexibility with the assets that you leave them, you could detail instructions for their distribution in your will. For example, maybe you have $100,000 to leave to one of your heirs. You could simply say that it...
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Estate Planning
3 benefits of having a trust as part of your estate plan
Some estate plans consist only of a will, while others may include a variety of documents. It is common for people to put certain paperwork in place to protect against medical incapacitation later in life or aggressive collection activity during their retirement. One...
Hurt in an accident? It’s time to update your estate plan
Any time a major event happens in your life, you need to update your estate plan to reflect those changes. For example, in the past you may have set up a health care power of attorney with someone you trust, but after seeing how they reacted to a serious injury you...
Could Swedish “death cleaning” round out your estate plan?
If this is the first time that you heard the term, the concept of döstädning, or “death cleaning”, is not morbid at all. In fact, it is not limited to end-of-life activities but occurs at intervals throughout the lifetimes of many Swedish individuals. In Sweden, it is...
4 reasons why you shouldn’t put off estate planning
The majority of people in the United States believe that they should have an estate plan. They understand that it is important and that it can help their family. If you asked them if it was a necessary step to take, they would tell you that it is. However, the...
How to deal with a dishonest executor
Usually, part of the duties of an executor involves safeguarding the assets and property of the deceased. But what if they turn rogue and start stealing from the estate? As a beneficiary, you are likely to be affected by their actions, especially if a significant...
Older adults need to plan now to pay for nursing home care
Preparing for retirement in Ohio requires careful planning. You have to have a realistic idea about where you live and what your costs will be. Most people plan their retirements with expectations that they will live at home with their spouse and potentially travel....
How to approach your parents about estate planning
Your parents have most likely been fully independent for many decades. Not only that, they will have provided for you and assisted you in obtaining your own independence. This can make the reality of their aging difficult to digest. You may question whether or not you...
Avoiding a will contest
You may think you have the perfect will in place to distribute your estate to the intended beneficiaries as per your wishes, only for it to be contested by one of your family members. Unfortunately, this may derail your estate plans since everything will have to be...
Is your estate plan up to date?
If you have an estate plan in place, you can rest easy if little has changed in your life since you created that plan. If you have experienced significant changes, however, your plan may no longer provide the optimal asset protection and peace of mind you desire....