Getting hurt, becoming disabled, or getting older and less cognizant are real-life possibilities we should all plan for before it’s too late. By taking the time to set up a well-rounded estate plan now, you could save your loved ones a lot of future conflicts — not to mention ensuring that your wishes are respected if worse comes to worst.
In November 2020, the firm gave an online presentation about the basics of estate planning. We thought it would be helpful to post this excerpt, where we talk about what an estate is and why you need to plan for it, for those who didn't get to attend but curious about whether estate planning is right for them.
On the one hand, you may realize, perhaps more acutely than ever, the importance of having your estate plan in order. On the other hand, however, you may be apprehensive about leaving your home for fear of contracting COVID-19. To help resolve this conflict, here's information to help you draft your own basic estate plan while you shelter in place.
What started out as half-a-world away is now in our backyard. As we take steps to prevent contracting coronavirus, many of us hope to do so without severely disrupting our lives. But what if disruption for some of us is inevitable. Is there anything that we can do to mitigate that risk? Well, from an estate planning perspective—yes, there is.
The State of Ohio denies over 50% of the businesses that apply for MBE or EDGE certification—which can be worth $1 million per year. Sure, these businesses probably know what the certification rules say. But there’s a difference between knowing what the rules say and understanding what the rules mean. I want to tell you what they mean.
For most people, an estate plan has four parts: (1) a Last Will and Testament, (2) a Financial Power of Attorney, (3) a Health Care Power of Attorney, and (4) a Living Will. This article discusses part four: the Living Will.
For most people, an estate plan has four parts: (1) a Last Will and Testament, (2) a Financial Power of Attorney, (3) a Health Care Power of Attorney, and (4) a Living Will. This article discusses parts two and three of an estate plan: Financial and Health Care Powers of Attorney.
For most people, an estate plan has four parts: (1) a Last Will and Testament, (2) a Financial Power of Attorney, (3) a Health Care Power of Attorney, and (4) a Living Will. This article discusses part one of an estate plan: the Last Will and Testament.
Pop culture has done a terrible job portraying what an estate (and therefore, an estate plan) actually is. There are two truths about estate planning that you should know: First—everybody has an estate. But 60 percent of Americans haven't affirmatively planned what to do with theirs—including a whopping 78 percent of Millennials (born between 1980–1995) and 64 percent of Generation ...
Everyone worries about taxes and looks for ways and means of reducing their tax burden. But for business owners, this worry can be especially acute because there are additional taxes, different reporting requirements—and more financial landmines to avoid.
