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How to put your funeral wishes in your estate plan

For many people, a major motivation in planning their estate is making sure that their loved ones are not under a great deal of stress with administrative responsibilities at the end of their life. By taking their time to plan out their estate, perhaps even creating trusts to avoid the probate process, their loved ones are likely to be relieved of many of the bureaucratic processes while they are grieving.

Even if you have planned out your estate, you may not have made your wishes known regarding your funeral arrangements. This can mean that your loved ones will be left guessing about what you would have wanted at the service. If you have specific wishes for your funeral or you simply want to secure finances for the arrangements, it is important that you take care of this in your estate plan.

Calling a family meeting can help avoid probate disputes

The way you organize an estate plan can be very personal. You consider what you would like to happen if you are incapacitated or if you pass away. You appoint the people you trust most for key responsibilities, and you determine who you would like your money and other assets to go to once you are gone. However, even the most carefully planned choices could be questioned in court if your loved ones become at odds with each other over your estate plan.

Although disputes between family members may appear to be about money, most often there is a deeper cause. If your loved ones inherit less than they expect, they may feel slighted. If a loved one receives less than another, there may be resentment and concerns that they were loved less. Although hard feelings may start there, sometimes those feelings escalate and loved ones may look for reason to contest your documents in court.

How to resolve a family estate dispute

If a member of your family has passed away in recent months, you will have needed to work with other family members in order to carry out the wishes that your loved one stated in their will. It is quite common for family members to be shocked and upset by the wishes that are put forward in a loved one's will. This sense of shock and disbelief can morph into blame toward other family members, and this is often how disputes arise.

Family disputes can become extremely challenging because the disputes in question could have arisen as the result of years of unspoken tension or anger. In other words, it is easy for family arguments to blow up and exceed all proportionality.

The key administrative aspects of the probate process

If you are an executor of an estate, you will have the responsibility of going through estate administration. This can feel like an overwhelming process to go through, especially when you are grieving the death of a person that you cherished. Many estates need to go through the probate process, even when there is a last will in place.

Probate is done with the supervision of the courts and is the process of making sure bills are paid, and inheritances are administered to the correct parties in accordance with the deceased person's final wishes. The following are some of the key steps that you will need to take when going through the probate process.

Protecting the integrity of your business

If you are a business owner, it is likely that you started your business from humble beginnings and have had to grow and evolve along with your company. Having a growing business always presents new challenges, and the more successful the entity becomes, the more there is to lose.

It is important, therefore, that you make sure that your business is protected from the possible threats that present themselves to any successful business. By thinking ahead and assessing risk, you can be able to avoid costly litigation and protect your company from the actions of competitors.

Planning for the unknown in your estate plan

In planning your estate, you are essentially attempting to plan for an uncertain future. None of us will be able to predict what ours and our loved ones' lives will be like in a decade's time. In addition, we are not able to force how laws might change, particularly in regard to taxes and inheritance.

However, we must plan anyway, and we must write our plans with this uncertain future in mind. This is why it is extremely important to design an estate plan that prepares for a variety of different scenarios.

What causes a family dispute over a will?

When a loved one passes away, the emotions of the entire family will be on edge. Grieving is a very difficult process, and everyone deals with it differently. Therefore, if a will is directed in a way that a certain family member does not expect, reactions can be tense and disputes can arise easily.

If you are dealing with a family dispute over a will, it is important to do what you can in order to resolve this. You can do so successful by firstly understanding how family disputes can arise.

Can I transfer conservatorship of my parent to another state?

Life can make unexpected turns. Sometimes you may be required to move to another state for a new job, new opportunities or to be closer to family. However, relocating can be difficult when you are also taking care of someone.

If you have conservatorship of a parent, it is possible to transfer that conservatorship from Ohio to another state. However, you will have to meet all the requirements set by Ohio as well as the requirements set by the other state.

Your duties as the executor of an estate

It can feel overwhelming to be named the executor of an estate. It means that you have to oversee the entire procedure of settling a person's estate after they have passed away.

If you do not feel comfortable with taking on the responsibility of being an executor after the person who appointed you passes away, you have the right to refuse. If you decide to do this, you only need to submit your resignation to the court. When you submit your resignation, you can recommend a suitable alternative, or give the court the responsibility of appointing a new executor.

Understand how your company can retrieve unpaid debts

Small- and medium-sized companies are generally highly dependent on having a healthy cash flow. This means that making sure that you are being paid by customers in a timely manner is highly important for the success of your company.

If you are struggling because a customer has not paid you for a service or product that you provided, it is important that you take action in order to address the situation. As the creditor, you have certain rights, but you also have some limitations. It is important that you understand these so that you can take the appropriate action. This will help you to successfully retrieve the debt in the state of Ohio.

  • Ohio State Bar Association | Connect.Advance.Succeed
  • Federal Bar Association | ORG Jan 5th 1920
  • Dayton Bar Association 1883
  • Super Lawyers
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