People who are creating an estate plan often choose a close relative as their financial fiduciary. However, there are several potential pitfalls to consider before taking this approach. The selection of a close family member might be appropriate in some cases, but there are a few specific issues and potential problems to consider. When making …
One of the most important questions clients have is, “When should I change my will?” Several life changes necessitate updating your will. When the following significant life changes occur in your life, and it is time to update your will, living will, trust, and other important estate planning instruments to reflect your current situation. Keeping …
The Life Changes That Necessitate a Change in Your Will Read More »
Estate planning can provide both financial security and peace of mind. Unfortunately, most people do not consider the economic impact of a severe or fatal accident, serious illness, or sustaining a debilitating injury. However, unexpected incidents such as these often do arise unexpectedly, and therefore it is essential to have an estate plan in place. …
Before there was the Internet, planning your estate was as simple as walking through your home and taking inventory of the personal property, real property, bank accounts, investment accounts, and retirement accounts and then drawing up a will to indicate what you wanted to happen to each of the items. However, in today’s digital age, …
The Changing Nature of Estate Planning: Digital Assets in Ohio Estate Planning Read More »
In our modern, highly mobile society, it is not uncommon for individuals to move frequently for personal or professional reasons. Sometimes these moves are to a different part of the same town or to the other side of the state. However, as often as not, these moves can take individuals to the other side of …
Estate Plans for Estates with Property in Several States Read More »
Nothing in life is free – and it appears that things are not free once a person dies, either. This is because administering a person’s estate after he or she dies (whether he or she died with a will or without a will or other estate plan in place) costs money. There are a number …
What Are the Costs Associated with an Ohio Probate Case? Read More »
For those who take the time to picture their own funeral and how they would like to be remembered by their family after they are gone, few people picture their family members angry and upset, arguing over who gets this or that. Yet (unfortunately), whenever there is money or valuable assets – financially valuable or …
How to Avoid Family Disputes Concerning Your Estate in Ohio Read More »
Many people believe that they do not have enough property or assets to draft a will. In the article, Dawes Legal, LLC, discusses the amount of property needed to create a will in Ohio. First, Ohio law has no asset or property minimum requirement for creating a will. In fact, everyone should have a will. …
How Much Property and Assets Do I Need To Draft a Will in Ohio? Read More »
In this estate planning article provided by Dawes Legal, LLC answers a few commonly asked questions about Ohio living trusts. If you or a member of your family have any questions about living trusts after reading this article, contact us at (614) 733-9999. What is a living trust? Trusts are legal instruments that constitute a …
It is devastating to lose a loved one, and it’s especially devastating to discover that your loved one left their assets to an entity or an individual it was not related to them or only visited the loved one just prior to their death. In many cases such as these, family members are distraught when …
How Does Undue Influence Effect in Estate Administration in Ohio? Read More »
