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Next year, there will be some changes to Ohio’s transfer-on-death affidavits and deeds for real estate. Under the old law, there was always a chance that someone could overlook this after a divorce and property could transfer inadvertently to their former spouse. In many areas, Ohio law presumes that if you divorce, you do not want the transfers present in…
One concern of many estate plans is wealth preservation and transfer. Often, parents want to see the fruits of their lifetime’s labor benefit their children and grandchildren. A comprehensive estate plan can help in this goal, both by helping to develop a clear strategy for preserving and protecting that wealth while the parents are still living and efficiently transferring those…
One issue of importance to anyone with property and who is drafting estate planning documents, such as setting up a trust or a will, is the question of capacity. In Ohio, legal capacity means the ability to fully understand what is entailed by those tasks. Many difficult situations can arise when an individual draws up a will or trust at…