Your estate plan allows you to control who will manage your affairs when you can no longer handle them yourself and identifies who will receive your property upon your death. If you already have an estate plan — congratulations — you are among a…
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We live in a digital age, where more and more of our lives occur online. We create vast quantities of electronic media every year. But have you stopped to consider what will happen to your digital assets when you die? To safeguard digital assets, man…
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Who Pays the Mortgage After the Death of a Loved One? When a loved one dies, their mortgage does not simply disappear. Someone must take responsibility for handling the debts and assets of a recently deceased relative.
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As Americans, we spend much of our adult lives amassing an estate. We work hard to earn money so we can acquire things like a car, a house, a savings account, a retirement fund, and other possessions. But what happens to these possessions when we pas…
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Legal guardianship is an important tool that can assist adults who cannot make important life decisions on their own. By filing for legal guardianship, a family member or another responsible adult is granted the legal authority to make decisions rega…
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If you are considering divorce in Ohio, you likely have questions about how your property will be divided. Asset division in an Ohio divorce can be particularly contentious, especially if one spouse has received a significant inheritance. Questions a…
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Undue influence in estate planning occurs when one person exerts pressure on another person to make decisions contrary to their best interests. The influencer usually takes advantage of a person to benefit themselves, often for financial gain. The pr…
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If you recently lost a loved one, complicated legal and financial processes are the last thing you want to deal with. But when a loved one passes away, that may be exactly what you and your family will need to do. After a loved one’s death, the per…
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A trust is a legal arrangement under which you (the “grantor”) transfer control over property to a person or institution (the “trustee”) for the benefit of a third person (the “beneficiary”). A living trust is a great way to maintain cont…
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In addition to federal estate tax, some states impose an additional estate or inheritance tax. Twelve states and the District of Columbia impose estate taxes and six impose inheritance taxes. Maryland imposes both. Ohio does not impose either. Howeve…
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