Estate planning is a plan for the preservation and the distribution of your assets, both during your life and upon your death. It helps you accomplish your personal and family goals, eases the management of your financial and legal affairs, and minimizes taxes if your estate is large enough for taxes to be of concern. Your estate includes all assets of any value that you own, including real estate, business interests, investments, insurance proceeds, personal property and even your personal effects. An “estate plan,” generally, refers to the means by which your estate is passed on to your loved ones upon your death.

Estate planning can be accomplished through a variety of methods, including:

  • Revocable and Irrevocable Living Trusts
  • Last Will and Testament
  • Lifetime Gifting
  • Joint Ownership
  • Beneficiary Designations
  • Life Estates

Problems often arise when people don’t coordinate these methods of passing on their estate. If you have a well-drafted estate plan in place, you will ensure that your estate passes to whom you want, when you want, and is carried out in the manner you’ve chosen.

We can help you fashion an estate plan that fits you and ensures that your wishes will be carried out.

Probate and Trust Administration

If your family has experienced the loss of a family member, our law firm can assist you with the legal process that occurs when a loved one passes away. We can provide families with quality Probate and Trust Administration services tailored to each client’s specific needs and goals.

Probate

Probate is the legal process of administering that portion of an estate that does not pass by operation of law. The process includes the appointment of an estate representative (executor, administrator, or commissioner), the identification of probate assets, payment of creditors, and distribution to heirs either under a will or Ohio’s laws of intestate succession.

Non-Probate Administration

Assets held in trust, joint and survivor accounts, payable on death accounts, or other similar accounts transfer to named beneficiaries by operation of law.

Our firm can assist you in the administration of both Probate and Non-Probate Assets.

Incapacity Planning

Our firm can help you create a plan to cover how you will be cared for if you become physically or mentally unable to care for yourself. The type of care could range from simple tasks like buying groceries, paying bills, and handling financial matters to more important decisions such as selling real estate, gifting assets to your children, or making critical medical decisions. Depending on your individual needs, these plans could include General or Financial Powers of Attorney, Health Care Powers of Attorney, Living Wills or Advance Health Care Directives and Guardianships.

A Guardianship is a court-supervised proceeding which names an individual or entity to manage the affairs of an incapacitated person. A Guardianship may also include the duty to care for the incapacitated person.

Our law firm helps clients create a plan to handle their affairs in the event they become disabled. We can also assist in the event that a Guardianship becomes necessary.