Far too many Americans believe that estate planning is simply not necessary for them. According to a research study put together by WealthCounsel, 47% of Americans believe that estate planning is only for the extremely wealthy. Approximately half of the American population believes that their assets are not enough to worry about using any estate… Read More »
Blog Posts Page 4
Tips for Creating a Solid Estate Plan to Pass Assets On to Your Beneficiaries
Many individuals who are in the process of putting together or updating their estate plan have worked hard for many decades and hope to be able to pass on assets to grandchildren or their own children. Unfortunately, however, some common missteps in this process could lead to your money being squandered. If you leave your… Read More »
Tips for Avoiding One of the Biggest Estate Planning Mistakes That Celebrities Make
It’s certainly important to have a will but it’s not enough to put together this document one time either by yourself or with the help of an experienced estate planning attorney. This could compromise your ability to have the legal document actually reflect your individual wishes. In fact, failing to update your will could put… Read More »
Although Most People Don’t Need to Worry About Estate Taxes, They Do Need to Worry About Estate Planning
Given that the estate tax threshold is $5.45 million in assets, or double that if you are married, many people don’t have to worry about the federal estate tax. However, it’s still a good idea to set up a meeting with an experienced estate planning attorney to discuss your overall needs. Far too many people… Read More »
Remember These Tips If You Are Getting Remarried
Being married two or three times is becoming a more popular phenomenon than it ever was in the past. This can present unique challenges when it comes to estate planning, however. One of the biggest issues for any blended family and this new spouses, is to consider how assets will be preserved and protected for… Read More »
What Mark Zuckerberg Can Teach You About Planning for the Future of Your Business and your Estate
Many individuals who are also business owners may not realize the potential benefits of conducting comprehensive estate planning for their business as well as for their personal estate. Recent research indicates that there are differences in various generations when it comes to the prospect of talking about business succession planning or estate planning. Many older… Read More »
Top Tips for Selecting an Estate Executor
There are many key decisions you must make during the process of putting your estate plan together, and chief among them is who will serve as your estate executor. You need to approach this process thoughtfully and ensure that the person you choose is the right fit for the job as well as interested in… Read More »
Using an Irrevocable vs. a Revocable Trust
Trusts have many different benefits for individuals going through the estate planning process in Ohio, and one of the most common differences between types of trusts is the ability to alter the trust now and in the future. This is the main difference between an irrevocable and a revocable trust. Each has advantages and disadvantages…. Read More »
What Digital Assets Should Be Included in Your Estate Planning?
While many individuals understand the basic elements of putting together an estate plan for their physical property, they may not understand the benefits of diving deeper and considering your digital assets. It’s a good idea to start this process by making an inventory of all your digital assets. Digital assets include everything from online banking… Read More »
Leaving Behind a Video Legacy for Your Loved Ones
There are many important components of estate planning including developing a basic will and potentially trust and thinking about the documents that can be used to give another person the decision making authority if something were to happen to you. While it’s easy to think about the estate planning process as the way for dealing… Read More »