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April 2018 Archives

Estate planning can also provide for pet care after death

Making an estate plan that covers one's pets in Ohio is best accomplished through the guidance of an experienced estate planning attorney. The special circumstances of a pet bequest make it not allowed for inclusion in a will in some states. The estate planning solution of choice may be to create a revocable living trust and fund the pet's trust while the owner is still alive. This will assure funding, greater attention to the matter and likely a greater opportunity to discuss and prepare the terms in cooperation with the beneficiary.

Incompetency disputes often generate probate litigation

Financial exploitation of the elderly is a steadily growing problem in Ohio and nationwide. This often arises when an elderly person becomes incompetent to handle his or her own affairs. Where preparations have been made in advance, a relative is chosen to take care of those affairs through a duly executed power of attorney. On occasion, the agent under the power of attorney may negligently or intentionally dissipate the elderly relative's funds.  When that happens, the situation may become prime fodder to be fought out as probate litigation in the county probate court.

Probate litigation: Jury awards $8 billion in punitive damages

In Ohio as in other states, heirs of an estate may bring probate litigation to challenge management of the estate that has led to improper financial losses for them. In a shocking verdict in another state, a jury awarded $8 billion in punitive damages to the estate and heirs of an American Airlines executive. The probate litigation award was entered against JPMorgan Chase & Co., the institution hired to manage the estate.

Start the estate planning process with some basic preparations

Estate planning in Ohio is an important task for every person, especially if they want to make it easier on their heirs after their death. The following is a list of things to do to get ready for the important meeting with an estate planning attorney to get the process started. Once one gets that first meeting accomplished, everything will go smoothly thereafter because one's legal needs will be satisfied by an experienced professional.

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