Estate Planning

Older generations are expected to leave approximately $70 trillion to their families and others between 2018 and 2042. If handled incorrectly, there may be strings attached to these transfers, which can lead to stress, delay and costs for family members and other...

Many residents of Dayton work their entire lives to build a business that can be passed to their heirs. However, many unexpected events, such as a premature heart attack or disabling illness such as a stroke, can ruin these plans. Among the many estate planning tools...

People draft wills in Ohio so they can direct who will receive their property when they pass away. Without a will, the deceased’s property will be passed to various family members in accordance with Ohio’s law of intestate succession. This could lead to results that...

Most people think that estate plans are only needed for the elderly, but really, anyone 18 or older should have one. This is because, once you are no longer a child, your parents do not automatically have the power to do much of anything. As such, if a college student...

A court handles distribution of the assets in an estate in cases in which the deceased created a legally valid will. Individuals who die without a will require courts and other individuals to infer their wishes. One of the most important issues to address involves the...

Ohio courts will oversee the distribution of a Dayton resident’s property if they should die without a will. The court-appointed administrator of the estate will play an important role in this process. They will have to gather the deceased person’s property, appraise...

The probate process can be much more detailed and tedious than you ever expected. Much of this is attributable to the accounting process. After all, the estate administrator is required to inventory the estate so that all assets and debts are identified and properly...

It may shock some of our readers, but many Millennials are hitting 40 very soon. They have houses, kids and over 20% of them are caring for their parents or other older family members. They have arrived, and like their counterparts before them, it is time to create an...

A valid will is a one of the most basic pieces of estate planning. A will clearly lays out how assets and debts should be distributed after the death of the will holder, known as a testator. However, as most everyone knows, life is unpredictable, and sometimes a will...

A quitclaim deed may be used as part of an estate plan. It allows a person to transfer the rights he or she has in property to another person. A deed is a legal document and it must contain a description of the property, the names of the parties and the signature of...