When using trusts in estate planning, a key element includes transferring the trust maker's real estate into the trust by recording a deed with the local recording authority. This step is crucial for ensuring that the trustee has the authority to manage and ultimately sell or transfer the property should the trustmaker become incapacitated or die. Several types of deeds can be used such as a general warranty deed, a quitclaim deed, or a special warranty deed.
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.
Having a will is a helpful first step in basic preparation. But it does not prevent probate. A will simply allows you to communicate your wishes to the probate court. Your loved ones still must go through the probate process to legally enforce your wishes.
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.
SIRVA, or Shoulder Injury Related to Vaccine Administration, is a condition that has garnered increased attention as vaccination campaigns have expanded globally. While vaccines are crucial for public health, some individuals have reported shoulder injuries following vaccination. Understanding SIRVA is essential for those who may experience this condition, as well as for healthcare providers and employers involved in vaccination efforts.
There are many things you can do right after an auto accident to ensure you receive all the financial compensation you deserve. Here are 10 of them.
The federal government created the Vaccine Safety Datalink (VSD) in 1990 to monitor the safety of vaccines and conduct studies about potential adverse events or reactions following immunization. The VSD is a collaborative project
If you are unfortunate enough to be involved in an auto accident that wasn't your fault, you may have sustained a variety of damages for which you are entitled to receive compensation. There are two categories of damages: Special or Economic Damages and Pain and Suffering Damages
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.
