Before you jump into starting the probate process, it is important to understand the purpose of probate and to determine if probate will be needed.
How is the probate process started?
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Estate Planning
What business owners should know about succession planning
You had a dream 15 years ago to launch your own IT consulting business and see it grow. Now, you’ve achieved that goal and are nearing retirement. You’re beginning to think about what will happen to your business in the future. Should you step down from your business...
Is it possible to remove a personal representative?
When a loved one has passed, it’s necessary to administer the estate according to the plan. The person responsible for the estate administration is known as a personal representative. Typically, the personal representative will be named in a person’s will, although...
ESTATE PLANNING CINCINNATI: CHOOSING A SUCCESSOR TRUSTEE?
People with Trusts must consider who will be the successor Trustee should something require the replacement of the primary Trustee. Family members, financial advisors, and corporations are all qualified, but who is best for your situation? The answer depends on a number of factors that are discussed in this article.
What are common probate disputes?
When a loved one passes away, you may have concerns about their estate’s disbursement. If their will is not straightforward, it can lead to squabbles in probate court. Yet, by understanding the potential for disputes, you can do your part to prevent contentious and...
What is a Trust?
In simple terms a trust is three party arrangement between a Trustee, a Beneficiary and a Grantor, where one party holds property for the benefit of another party. The party who holds the property is the Trustee, and the party who benefits from the property being held...
What Estate Planning Documents Does Everyone Need?
Estate planning has been on a lot of people’s minds lately due to the uncertainty created by COVID 19. Although estate planning can be complicated it doesn’t have to be, especially if you are just getting started. That is why we recommend everyone should start off at...
What is the difference between an Executor and a Trustee?
When it comes to having your estate planning documents prepared, you will need to make a lot of decisions on who you believe is best suited to serve in different roles. Two important roles that are often confused are Executor and Trustee. This blog helps you understand the different roles of each.
Should You Update Your Estate Planning Documents as a Result of the Coronavirus?
You should always keep your estate planning documents updated, not just because of the Coronavirus. The Coronavirus just reminds us of our mortality, and the importance of the documents that you need for financial, health care, and end of life matters. You need a...
Does a College Student Need a Will?
Over the years I’ve gotten this question a lot, and as I get ready to send my second child off to college, I have a vested interest in the answer. Your college student probably doesn’t need a will just yet, but they do need some important legal documents in place....
