At Legacy Law Group, Ltd., we understand how important it is to have an estate plan that not only outlines your wishes but also stands up to potential legal challenges. Losing a loved one is already a difficult time, and the last thing anyone wants i…
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Estate planning isn’t just for the wealthy—it’s for anyone who wants to protect their assets, ensure their wishes are honored, and avoid unnecessary legal battles. While it can be difficult to invest time and money now for something that might…
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Losing a loved one is one of life’s most challenging experiences, and dealing with the nuances of estate administration can add unnecessary stress during an already difficult time. In Ohio, when a person passes away, their estate often must go thro…
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When an adult in Ohio can’t make decisions for themselves due to mental illness or disability, guardianship may be necessary to help them with important life choices. While deciding to take on guardianship can be hard, it’s often essential to kee…
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Your estate plan is an important way to protect your family and ensure your wishes are respected. As life changes, your estate plan should change too. Many people think of estate planning as a one-time task, but it’s important to update it regularl…
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Planning for long-term care can be an emotional and difficult task, but it’s one of the most important steps to protect yourself and your loved ones. As we age, the chances of needing long-term care, whether at home or in a facility, become mor…
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Losing a loved one is an emotional and challenging time. On top of the grief, you might also have to deal with the legalities of handling their estate. One of the first questions that often comes up is, “What is the probate process?” Prob…
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Estate planning is an essential process that helps you manage your assets if you become incapacitated and manage and distribute your assets according to your wishes after you pass away. It’s not just for the wealthy; anyone with assets, children, o…
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The Corporate Transparency Act (CTA), which went into effect on January 1, 2024, introduces new reporting requirements that significantly impact how businesses disclose ownership information. Designed to combat illicit activities like money launderin…
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In January we announced that Chamberlain Law Group Ltd. had officially become “Legacy Law Group, Ltd.” We are now excited to announce that as of June 1, 2023, our firm has merged with the Maumee law firm of Bayer, Papay and Steiner. “As our cli…
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Download our free “Estate Planning Checklist: The Essential Guide for Making your Best Estate Plan in Ohio.” The checklist walks you through the steps you need to address to have the plan that is right for you and your loved ones.
Put in its most simple terms, estate planning involves putting your affairs in order so as to maximize the benefits that your assets can provide to you during your life and to those you desire to benefit from it after your death. Estate pla… Read More
What Does a Proper Estate Plan Include?
A proper estate plan to provide for the needs of your family may include:
An adequate Will or Trust
A written agreement concerning the status of your assets
If you already have an estate plan, it should not be considered permanent. Conditions, as well as your desires, may change. Estate plans should be reviewed at least every two-three years but, additionally, any important change in your life demands… Read More
What Happens if You Don't Have a Will or Trust?
If you do not have a Will or a Trust and have not used other probate-avoiding techniques, upon your death your assets will pass according to the laws of the state which has jurisdiction over your assets. The “state plan” may not provide for th… Read More
What Other Probate Avoiding Techniques Are There In Addition to Living Trusts?
The following methods are often used to avoid probate: joint tenancy title, community property title, bank account trusts, pay on death accounts, life insurance proceeds, retirement proceeds (IRA’S, TSA’S, 401K’s, etc.), retirement pla… Read More
What Should I Bring to My First Meeting?
People often ask what they should bring with them to their initial estate planning consultation (we call this “the Discovery Meeting”) with one of our attorneys.
As we discuss in Our Planning Process, the Discovery Meeting is our oppor… Read More
I Already Have an Estate Plan. Why Should I Think About Changing It?
We find that many people already have an estate plan, but it does not meet their current planning needs. They may have a Will that was prepared many, many years ago, or they may have a trust that prepared more recently, but those plans may not be… Read More
What Does an Estate Plan Cost?
As you might imagine, we get that question all the time. It is a difficult question to answer because fees are determined by the type of plan we put together, and that is determined by your goals, objectives and asset mix. The planning fees can ra… Read More
How Much of an Estate Do I Need to Have In Order to Set Up a Trust?
There is no “bright line rule” for determining whether a person needs a trust as a part of their planning. The answer for any particular person will depend on their own planning needs and planning goals.