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estate planning Archives

Living will laws in Ohio

Living wills are not designed for use after a person's death as normal wills are. As the name suggests, a living will is for use during a person's lifetime, during a time when they may not be able to state their preferences or make informed decisions.

Having a business succession plan in place is essential

Life is a game of chance, and no one knows when their last day will be. That's why it's important for everyone, regardless of their age, to have an estate plan in place. This is even more important if you own your own business here in Dayton. If you have your own company and something suddenly happens to you, then an Ohio probate judge may end up deciding what happens to your family business instead of you. You can greatly reduce the chance of this happening by putting a business succession plan in place.

Estate planning isn't just for the aging

It's great being young, although it is perhaps older people who appreciate youth the most. Young people often put off thoughts of retirement planning or estate planning because they're busy enjoying life or building a career and a family. But exuberance and crowded schedules are no reason to avoid something that matters.

How much does a nursing home cost?

Estate planning involves a lot of different steps, such as listing your assets, deciding if you want to use trusts, writing a will, creating a medical directive, using powers of attorney and much more. You really want to take the time to think of everything; don't just assume that you can write a will and call it a day.

Planning your estate as a young professional

It's never too early to start thinking about planning your estate. If you are a young adult, it's likely that you don't have a lot of assets, and therefore you may think that planning your estate is unnecessary at this stage in your life. However, the benefits of planning your estate go far beyond the distribution of assets.

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