In today’s interconnected world, individuals often find themselves with assets and interests spanning across multiple countries. From investments in foreign markets to properties overseas, the global citizen faces unique challenges when it comes to estate planning.
With MAPTs, families can ensure their hard-earned savings aren’t drastically diminished if they require long-term care or assistance, such as a nursing home placement. In this article, we will discuss all you need to know about MAPTs so that you and your family can make informed decisions about your finances in light of possible future health needs.
Understanding the differences between Transfer on Death deeds, Quitclaim deeds, and General Warranty deeds is crucial for homeowners, especially when it comes to estate planning.
Probate is the legal process through which a deceased person's estate is administered. While it serves a necessary function in settling debts and distributing assets, it can also be time-consuming and expensive. In Ohio, probate can take anywhere from several months to over a year, and costs can include court fees, attorney fees, and other administrative expenses. By understanding these implications, you can take steps to avoid the probate process altogether.
Are you a parent to a child with special needs? If so, you understand the unique challenges and uncertainties that come along with this responsibility, especially when it comes to securing your child's future. A special needs trust could be the solution you're looking for, and we'd like to share a story that exemplifies this.
As an estate planning law firm, we often come across clients who, beyond securing their own futures, are fervent about safeguarding the well-being of ALL their loved ones. This blog post is inspired by one such client, whose devotion towards his pets caught our attention.
While there are many ways to structure a trust, one option worth considering is a staggered distribution plan. In this blog post, we'll take a closer look at what this means and why it might be the right choice for your family.
Professional practice wills are legal documents that allow professionals to ensure that their clients, patients, or customers receive continuity of care in the event of their death or disability. In this blog post, we'll discuss the importance of professional practice wills, what they entail, and how you can create one.
When a trust is decanted, the accounts and property from the existing trust are removed and distributed into a new trust. This is done when the structure of the trust needs to undergo major changes.
Trust protectors ensure that trustees maintain integrity, make solid distribution and investment decisions, and adapt the trust to changes in the law and circumstance.
