Blog

The strong point of making a will in Ohio and elsewhere is that it gives to the maker the right to control the disposition of estate assets after his or her death. This is no small benefit when one considers that, without a will, the disposition of assets will go by state statute.

The growing acceptance by most people in Ohio and nationwide of the benefits of the internet has resulted in their willingness to store even vital information, documents and financial accounts online. This trend brings up estate planning issues that require important evaluation and decision-making.

For the business owner in Ohio and elsewhere, decisions have to be made regarding the succession of the business and the distribution of its wealth after the owner's death. Although it seems at first blush controversial to say, it may be that one's children are not the best beneficiaries to take over the ongoing business.

The best way to do estate planning in Ohio is with the guidance of an experienced estate planning attorney. The process is complicated, may involve tax considerations and provides various choices that can best be made in consultation with a professional.

Ohio probate courts each year host numerous legal conflicts about whether the maker of a will or trust was competent when executing the legal instrument, or in the case of a living trust was competent throughout its revisions and administration.

Many people in Ohio have a will prepared but have not taken the additional steps of establishing an estate plan. A simple will may be inadequate to cover all of the issues that may arise in the future.

The personal representative of the decedent's estate in Ohio is responsible for managing and administering the assets of the estate. This includes the real estate owned by the decedent at his or her death. In some cases, other persons will be residing in the decedent's residence or in other real estate owned by the decedent.

Experiencing the death of a family member is a traumatic and stressful event, which can often be made much worse when other family members are in conflict over matters such as the will or inheritance of the deceased. It can be incredibly difficult to have to deal with family infighting in the midst of your mourning and grief.

Estate disputes in Ohio and elsewhere can be complicated and involve a web of issues that may take some painstaking analyses by the courts to unravel and resolve. This is true of the probate litigation that has emanated from the estate of football star Aaron Hernandez, who died by suicide in prison last year.

Many Americans in Ohio and throughout the country believe that they don't have enough assets to necessitate estate planning. However, where an individual or married couple have a home, particularly one with a low or paid-off mortgage balance, potential complications make it important enough to go over with an estate planning attorney to assure that there will be no problems in the future.