There are variations that fall under both umbrellas, but there are essentially two different types of trusts: revocable and irrevocable trusts. The names are pretty much self-explanatory. You can … [Read more...] about When Should You Use an Irrevocable Trust?
One of the reasons why it is wise to discuss your estate planning objectives with an attorney is because there are many different legal devices that can be used. As a layperson, there is no reason why … [Read more...] about Three Trusts That Fly Under the Radar
Before the pandemic, Americans were more mobile than ever. When you move, you have to change your address, your voter registration, and all sorts of other things. But, do you need to revise your … [Read more...] about Will Your Estate Plan Still Work If You Move?
You may have heard about the existence of an Ohio estate tax at some point in time. If you are under the impression that this is a tax that you should be concerned about, we have some good news to … [Read more...] about Is There an Ohio Estate Tax?
You may have concerns about leaving a direct, lump-sum inheritance to a loved one that is not a very effective money manager. This person may have turned to you when they were having financial … [Read more...] about A Living Trust Can Provide Safeguards
It is possible to take a legacy-conscious approach when you are developing your estate plan. There are certain things that you can do to shape the way that you will be remembered after you are gone, … [Read more...] about Consider These Legacy Planning Possibilities
The website Caring.com has been conducting estate planning preparedness surveys over recent years, and the results are surprising, but not in a good way. Far too many people have been going through … [Read more...] about Intestacy Can Yield Unintended Consequences
Do you really need an estate planning lawyer to help you prepare your legacy? You would not be breaking any laws if you try to plan your own estate. But then again, you would not be breaking any laws … [Read more...] about Why Do You Need an Estate Planning Lawyer?
You have heard of different courts like traffic court, criminal court, family court, etc. Probate is another type of court, and this court serves functions that are related to the fields of elder law … [Read more...] about What Is Probate?
There are some commonly used estate planning terms that sound similar, and this can lead to some confusion. With this in mind, we will look at the difference between a living trust in a living will in … [Read more...] about Living Trust vs. Living Will: What’s the Difference?