Whether you’re 25, 45 or 65, planning for your own long-term care is a wise decision. None of us know what the future holds, including whether our health will allow us to live independently. According to this 2019 study, 286,300 people are currentl…
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Whether you’re nearing retirement age, are a new parent, facing an chronic illness or any other life changing events, you can benefit from assigning powers of attorney. Powers of attorney authorize specific people, in specific circumstances, to mak…
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Estate planning is crucial to preserving wealth for future generations, and ensuring assets are distributed as the testator sees fit. Throughout the course of one’s life, they may change or update their estate plans to fit new circumstances. Creati…
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Even when you’re surrounded by loving family and friends, you may not have anyone you can trust with your finances. Whether you’re setting up a will, trust, financial power of attorney or other legal relationship, a professional fiduciary can ste…
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CLEVELAND ESTATE PLANNING ATTORNEY If your parents make a simple, one-time request, you should not run into too much trouble when you go to fulfill it. If your parents’ financial requests are numerous, or will be numerous, however, constantly actin…
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OHIO ESTATE PLANNING INFORMATION As you contemplate your estate plan, you may wonder whether there is a way to invest in the future or to help others live the kind of life you enjoyed. In estate planning, we call these types of devises legacy gifts.…
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OHIO ESTATE PLANNING INFORMATION Why Do You Want to Make a Large Gift to Your Children? The first step in planning to make a large gift for your children is to consider your motivations for doing so. Are you trying to minimize your exposure to taxes,…
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CLEVELAND ESTATE PLANNING LAWYER According to the Center for Disease Control, over one-third of all Americans suffer from chronic illness. If you or someone you love is one of these Americans, you should know that chronic illness can impact an indivi…
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CLEVELAND ESTATE PLANNING INFORMATION WHAT IS A POWER OF ATTORNEY? A power of attorney is an authorization to act on your behalf or represent your interests. There are different types of powers of attorney. Typically, a power of attorney is granted t…
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CLEVELAND LAST WILL AND TESTAMENT ATTORNEY 1. Locate and Review the Will. As executor, you should know where the testator’s will is located. (The testator is the person who executes a will.) Preferably, you should also know what the will says, so y…
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