It is easy to be somewhat confused about taxes on inheritances. You may have heard the terms “estate tax” and “inheritance tax” tossed about, and you can start to scratch your head. Are these terms … [Read more...] about Is There an Inheritance Tax in Ohio?
In this post, we are going to explain why you do in fact need a will if you have a living trust. But first, we will provide an overview of these trusts so you understand the advantages they … [Read more...] about Do You Need a Will With Your Living Trust?
People that serve in the United States military become eligible for a retirement pension after 20 years of service. This gives servicemembers the ability to retire in comfort if they take advantage of … [Read more...] about Veterans Pension Rates Updated for 2021
When you are developing your inheritance plan, you may want to include your four-legged family members. Yes, it is possible to provide for a pet in an estate plan, and we will provide the details … [Read more...] about Inheritance Planning for Pet Owners
While we are on the topic of updating your plan, you should consider one of the most important documents - your Trust and/or Will. Read More from The American Academy of Estate Planning Attorneys. … [Read more...] about Updating Your Plan: Your Trust or Will
It’s as a good of a time as any to think about updating your plan. This includes your entire plan, including Powers of Attorney. Powers of Attorney are part of even the simplest estate plan. A Power … [Read more...] about Updating Your Plan: Powers of Attorney
Probate is a legal process that can enter the picture when assets are being transferred after someone dies. This procedure is time-consuming, it is expensive, and probate is a public proceeding, so … [Read more...] about Tenancy in Common Vs. Joint Tenancy
If you use a will to record your final wishes, your estate would go through the process of probate. During this procedure, the executor that is named in the document would act as the hands-on … [Read more...] about Are There Any Probate Shortcuts?
A study that was conducted by Caring.com earlier this year found that just under one third of American adults had estate plans in place. Even though so many people are unprepared, most of the … [Read more...] about Estate Planning: Where Do You Begin?
New grandparents often think about ways that they can set aside resources that their grandchildren can use for college. Of course, many parents have the same goals, but we are going to focus on … [Read more...] about How Does a 529 College Savings Plan Work?