An estate plan allows you to control the distribution of your assets after your death. At StachlerHarmon in Dayton, we receive many questions about estate planning. Below are some of the most frequently asked.
It is a common misconception that only those with significant assets should have an estate plan. Rather, estate planning allows you to make your wishes known regarding who you want to inherit your assets and what end-of-life care you want should you become incapacitated. Individuals and couples can use estate planning to create a legacy for current family members and future generations.
If you die without a will, your assets will be distributed according to Ohio's intestacy laws. These laws may conflict with your wishes, which is why proper documentation of your wishes is essential.
A basic estate plan should include the following documents:
Yes. You should review and modify your estate plan following a life-changing event or every three to five years. Reviewing your plan at regular intervals will ensure that it aligns with your wishes.
Everyone can benefit from an estate plan. To learn more about the estate planning process and tools, please arrange a consultation with a lawyer at StachlerHarmon. To schedule yours, please send us an email or call today.
