Estate Planning can help you control your property when you're alive, protect you and your loved ones if you become incapacitated, and give your property to whom you want, how you want, and when you want, all while minimizing estate related taxes and costs. Your entire personal situation will be considered and I will partner with other professionals (Insurance agents, Financial Institutions) when necessary to make sure your plan is truly comprehensive.
Together we will consider the pros and cons of various options, and ensure your plan will fully address your concerns and desires, but without creating unintended consequences. A valid will allows you to control what happens to your property, money, and possessions after you die. Without a will, state law will dictate who will end up with your property.
Kohlhepp Law Office can work with you to make sure all of your property will be distributed according to your wishes. Different types of powers of attorney designations can allow you to direct other people to act on your behalf.
Together we will consider the pros and cons of various options, and ensure your plan will fully address your concerns and desires, but without creating unintended consequences. A valid will allows you to control what happens to your property, money, and possessions after you die. Without a will, state law will dictate who will end up with your property.
Kohlhepp Law Office can work with you to make sure all of your property will be distributed according to your wishes. Different types of powers of attorney designations can allow you to direct other people to act on your behalf.
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Proper comprehensive estate planning can be a powerful thing.
Among other things, you can use estate planning to prevent future family conflict, motivate individuals to act in certain ways, specifically designate who gets what when, and if any conditions must be met before distribution.
In essence, proper estate panning helps you control your legacy.
It also gives you the peace of mind to know that your loved ones will be taken care of exactly according to your wishes, and that they will not have to deal with the stress that can come with making decisions for you.
Among other things, you can use estate planning to prevent future family conflict, motivate individuals to act in certain ways, specifically designate who gets what when, and if any conditions must be met before distribution.
In essence, proper estate panning helps you control your legacy.
It also gives you the peace of mind to know that your loved ones will be taken care of exactly according to your wishes, and that they will not have to deal with the stress that can come with making decisions for you.
A will simply distributes the assets in your estate according to your wishes.
Without a will, the state government will decide how your property is distributed.
You may be surprised as to how some of these laws operate.
In Ohio for instance, if you have stepchildren they are the very last relation to you that would receive anything from your estate.
Stepchildren are one place ahead of the state of Ohio getting your property.
This is one of many examples of why you should consider a will.
A will also allows you to decide who should be in charge of distributing your estate.
Without a will, the state government will decide how your property is distributed.
You may be surprised as to how some of these laws operate.
In Ohio for instance, if you have stepchildren they are the very last relation to you that would receive anything from your estate.
Stepchildren are one place ahead of the state of Ohio getting your property.
This is one of many examples of why you should consider a will.
A will also allows you to decide who should be in charge of distributing your estate.
A powers of attorney can help in many ways.
These are important to consider now, so that if something happens to you and you are unable to act on your own, a designated and trusted individual can act on your behalf.
Powers of attorney can cover a wide range of areas, can be short or long term, and can be as specific or general as you wish.
A durable health care power of attorney gives you the ability to empower someone you trust to make decisions relating to your health.
If you are incapacitated for some reason, an individual with health care power of attorney can properly instruct medical providers how to proceed in your treatment.
These are important to consider now, so that if something happens to you and you are unable to act on your own, a designated and trusted individual can act on your behalf.
Powers of attorney can cover a wide range of areas, can be short or long term, and can be as specific or general as you wish.
A durable health care power of attorney gives you the ability to empower someone you trust to make decisions relating to your health.
If you are incapacitated for some reason, an individual with health care power of attorney can properly instruct medical providers how to proceed in your treatment.
Living trusts are actually a simple concept that can be an enormous benefit to your heirs.
Living trusts are excellent estate planning tools that can be taken advantage of by just about anyone.
You do not have to be rich or have a complex estate to realize the benefits of a living trust.
A will is an important document that allows you to dictate how your estate is handled.
However, a will alone still must be probated.
Essentially, the probate process is a lawsuit that subjects your heirs to a long and potentially very expensive process.
Living trusts are excellent estate planning tools that can be taken advantage of by just about anyone.
You do not have to be rich or have a complex estate to realize the benefits of a living trust.
A will is an important document that allows you to dictate how your estate is handled.
However, a will alone still must be probated.
Essentially, the probate process is a lawsuit that subjects your heirs to a long and potentially very expensive process.
There are many forms of protective trusts.
They are set up for a variety of reasons and can be very flexible to obtain the desired result.
These trusts give you the peace of mind to know that your hard earned assets are going to your beneficiaries the way you desire.
Protective trusts can be used to make sure a drug dependent heir does not transfer your assets to a drug dealer.
They can also provide creditor protection so that your beneficiary receives your assets, not their ex-spouse, a lawsuit plaintiff, or some other creditor.
They are set up for a variety of reasons and can be very flexible to obtain the desired result.
These trusts give you the peace of mind to know that your hard earned assets are going to your beneficiaries the way you desire.
Protective trusts can be used to make sure a drug dependent heir does not transfer your assets to a drug dealer.
They can also provide creditor protection so that your beneficiary receives your assets, not their ex-spouse, a lawsuit plaintiff, or some other creditor.
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